New Delhi, May 21 -- With completion of 2019 Lok Sabha elections on Sunday, one of the bitterly fought election battles in recent memory has officially come to an end. An estimated 900 million citizens cast their votes in thousands of polling booths in every corner of the country, and now what remains is the final vote-counting. Political observers are not fully in agreement on who will come to power, but there is a near-unanimous view among economy watchers that the new government will face a tough task of bringing the economy back on track.

Most of the recent vital macro-economic data sets suggest that the economy is not in good health. It grew 6.6 percent in the December quarter, the slowest in five quarters, which prompted the CSO to t...