Mumbai, Feb 12 : A general perception runs that the Bharatiya Janata Party (BJP) is more pro-market and pro-industry compared to the any other national political party, making it investor-friendly both in and out of the equity markets. Data, however, seems to suggest otherwise.
Over the last five years, after the National Democratic Alliance led by the BJP came to power, the S&P BSE Sensex has risen 46.3 per cent, compared to 171 per cent rise in the 10 years of the United Progressive Alliance (UPA).
On an average the 30-stock benchmark index rose by 85.5 per cent during the tenure of both the UPA governments, that is 2004-2014.
On Tuesday, the 30-stock index closed at 36,153.62 points, compared to 24,716.9 on May 26, 2014 when the Narendra Modi-led current govertional Green Tribunal (NGT) had ordered an interim ban on rat-hole coal mining in the state from April 17, 2014.
The tragedy came to light after five miners escaped the coal pit which became flooded with water from a nearby river.
The apex court, which is monitoring the rescue operations, has directed the government that the trapped miners have to be taken out of the coal mine whether "dead or alive".