Attention Economy


Friday, March 11, 2022

Political Stability Should Aid Economic Reforms in India

New hope for Modi govt’s economic reforms agenda after big win in assembly elections
https://theprint.in/economy/new-hope-for-modi-govts-economic-reforms-agenda-after-big-win-in-assembly-elections/865420/
 
Uttar Pradesh elections: What a historic poll win says about Modi's India
https://www.bbc.com/news/world-asia-india-60688428
 
India’s uneven economic rebound creates winners and losers
https://www.ft.com/content/b99a4329-d79f-4512-9076-c76b0f50f550

Modi’s wins show how the power of his personal story endures
https://www.ft.com/content/2f314153-b877-4846-8902-d5050dc39a5c
Ruchir Sharma notes:
Indeed, the BJP victory in Uttar Pradesh does demonstrate the appeal of its Hindu nationalist and majoritarian ideology, charismatically sold for almost a decade by its leader, Narendra Modi, and backed by an unrivalled political machine. But no single storyline can explain a country as diverse as India and the BJP’s success reflects the continuing appeal of the resumes of its top leaders as much as their strong-arm tactics. They are first generation politicians who rose from relatively humble origins and are seen as incorruptible figures, working relentlessly to advance their cause.
Contrast that to the fifth-generation scions of the Nehru-Gandhi dynasty who lead the rival Congress party, with their palace intrigues, philosophical musings, pet liberal causes and overseas getaways. The mismatch — entrepreneurial drive versus elite entitlement — is more and more glaring.