Indian Prime Minister Narendra Modi waves to supporters during a March 2017 campaign parade for the state assembly elections

Modi’s economy faces the voters

  • Prime Minister Modi approaches elections next year with mixed economic results
  • Growth and inflation have improved but the economic recovery remains slow
  • Important finance and tax reforms have held back the economy in the short term
  • Modi may turn to new welfare spending to win over the electorate

The Narendra Modi government enters the fifth and final year of its term with a mixed economic report card. When the Indian prime minister was elected in 2014, the economy was stagnant, food inflation was in double-digits and nominal interest rates were among the highest in the world. Today, Mr. Modi’s government can rightly argue that growth is on a more stable base, inflation has moderated and that major reforms have left the economy in much better health. The political question is whether this will be enough to earn Mr. Modi a second term in April’s national elections. His government knows that its reelection campaign will have less to show economically than it had hoped.

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 Pramit Pal Chaudhuri
The prime minister will likely run with a healthy economy but with voters who are less than pleased about their wallets
read more about it in the report
What's inside
  • Prime Minister Modi approaches elections next year with mixed economic results
  • Growth and inflation have improved but the economic recovery remains slow
  • Important finance and tax reforms have held back the economy in the short term
  • Modi may turn to new welfare spending to win over the electorate
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
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