The first challenge Modi faces is to revive demand. If Prime Minister Modi’s 2014 mandate was India’s biggest in three decades, his 2019 re-election was an even bigger feat. Modi cruised to victory amid agrarian distress, youth unemployment, high income inequality, anemic growth, a broken financial system and the promise of a basic income for 50 million of the country’s poorest families by the Congress, making the win even more momentous.
The new government will hit the ground running as it looks to get economic growth back on track by simplifying taxes, easing compliance and spurring demand. A plan to […]
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