THe Blog

June 26, 2018

India's Prime Minister Narendra Modi Hunts for More Economic ‘Firepower’

The Financial Times' Big Read quotes Resident Senior Fellow, Vivek Dehejia, on where India is today and its future growth:

"It’s going to be a very, very difficult and challenging election," says Vivek Dehejia, a senior fellow at Mumbai's IDFC Institute, a think-tank. "[Mr] Modi himself set very high expectations. Voters are going to ask themselves 'has he delivered?' on those promises."...


Instead, the administration focused on selling India as an appealing destination for manufacturing investment, with its "Make in India" campaign and a drive to improve the country's ranking in the ease of doing business index. "They retreated into trying to be good managers and pushing technocratic, non-controversial reforms that wouldn't cause political blowback," the IDFC's Mr Dehejia says.


Read the whole article here.

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