Modinomics in India : The Promise and the Reality

Research output: Journal PublicationsJournal Article (refereed)

Abstract

An assessment of Modi’s economic policies (“Modinomics”) shows that the gap between intentions and outcomes remains wide because Modinomics has been too cautious and contradictory to overcome the unusual structural challenges facing India’s economy. Moreover, the contradictions of Modinomics, which privileges trade protectionism and selective financial-sector liberalization, limits the potential gains from deeper global economic integration. This article argues that deepening economic reforms, including integration into the global economy, can help mitigate the structural impediments facing the Indian economy.
Original languageEnglish
Pages (from-to)548-572
Number of pages25
JournalAsian Survey
Volume59
Issue number3
DOIs
Publication statusPublished - May 2019

Keywords

  • India
  • BJP
  • Modi
  • Manufacturing sector
  • Demonetization

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