The only real debate about India’s economy is exactly when things were as bad as they are in 2020. From some vantage points, the 5% inflation-adjusted growth expected for the fiscal year ending in March is the lowest since 2013. In nominal terms, though, the 7.5% rate being projected would be the worst since 1978. Now for the really bad news: even these figures could be overly optimistic given the headwinds bearing down on the second-most-populous nation.
The data reflect the what of where India finds itself 67 months after Narendra Modi came to power pledging a sweeping turnaround. It’s high time for a frank discussion about why 2020 is turning into a shaky period for Asia’s No. 3 economy.…
Now the trade war is sending ever bigger headwinds India’s way. The fallout from U.S. President Donald Trump’s tariffs was limited enough to enable Modi to win a second five-year term in May, but the collateral damage is increasing.…
- How the Modi Administration Is Hamstringing the Indian Economy – By Shezad Lakhani (Jan 10, 2020, The Diplomat)
- To subject youth to violence only adds to their sense of hopelessness about the future – By Arvind Subramanian (Jan 11, 2020, Indian Express)
- Economic Situation Is ‘Very Bad, Could Get a Lot Worse’ – Pronab Sen with Karan Thapar (Jan 9, 2020, The Wire)
- Indian economy is sinking and Modi govt knows what will work. So what is it waiting for? – By Kriti Upadhyaya (Jan 13, 2020, The Print)