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What Modi has figured out that Trump never has
News, Mihir Sharma, Published on 21/03/2024
» Excitement and uncertainty used to accompany general elections in India. Polls swung back and forth, coalitions formed and reformed, analysts dissected policy platforms and assessed the prospects of hundreds of individual candidates. As India embarked on its 18th general election campaign on Tuesday, there is no electricity in the air. It is hard to find anyone who believes Prime Minister Narendra Modi will lose his bid for a third term in office.
India's economy faces ominous 2018
News, Mihir Sharma, Published on 09/01/2018
» You'd think the Indian economy had returned to rosy health. It seems to have recovered from two enormous disruptions -- Prime Minister Narendra Modi's decision just over a year ago to withdraw 86% of the currency in circulation, and the poorly-planned rollout in the middle of 2017 of a new goods-and-services tax. Exports are no longer declining, as they had for several quarters; indeed, for the last month that data is available, they rose 30%. The Purchasing Managers' Index expanded the fastest it has in five years. At least one international ratings agency has upgraded India's credit rating.