Price of Modi’s economic incompetence

After eight years of Modi’s rule, the growth rate will be flattered by a lower base than even pessimists expected.

With India now in its 75th year of independence, perhaps the biggest disappointment has been the country’s failure to become an economic powerhouse. In more confident times, back in 2019, Prime Minister Narendra Modi had spoken of building a $5 trillion Indian economy by 2025. But with three years to go, and India’s GDP currently $3.1 trillion , it is difficult to find anyone who still believes he can achieve this goal.