Politics Gets in the Way of Modi’s India Overhaul – India Real Time – WSJ

Political calculations and parliamentary gridlock are putting the brakes on Prime Minister Narendra Modi’s already-incremental plans for economic revitalization 15 months after Indian voters gave him an overwhelming mandate for change.

Following nearly a month of partisan bickering, lawmakers ended a parliamentary session on Thursday without passing a centerpiece of Mr. Modi’s agenda—a constitutional amendment to replace a thicket of differing state taxes with a more business-friendly nationwide levy.

 

The Indian leader, worried about political opposition and a backlash from rural voters, also effectively abandoned efforts to win approval for another development measure—legislation that would have made it easier for the state to acquire land for infrastructure and industry, government officials, some ruling party and opposition lawmakers said.

Mr. Modi shot to prominence with a landslide electoral victory and impassioned vows during visits to world capitals to reset India’s economy. But blocked by the opposition and reluctant to take risky political steps, his liberalization project is languishing.

“The slowdown in the reform momentum has taken away the type of optimism we saw when Modi was elected in 2014,” said Chua Han Teng, an India specialist at London-based BMI Research. “It hurts investor confidence.”

via Politics Gets in the Way of Modi’s India Overhaul – India Real Time – WSJ.

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3 Comments to “Politics Gets in the Way of Modi’s India Overhaul – India Real Time – WSJ”

  1. Politics Gets in the Way of Modi’s India Overhaul —-as stated above.

    That shows…….even magic sometimes does not work!

    Like

    • Ramesh – how many terms can the Indian PM serve? I hope – for India’s sake – it is more than two, in order for Mr Modi to execute his ‘magic’.

      Like

      • Charles-thanks for your response.

        I do not think there is any limit on the number of terms the PM can serve.
        So long as the people want him to lead the country, they will vote for him after each term.

        Yes, I agree with you that it will take minimum 2 terms to see PM Modi’s vision to reality!

        However, the real judge are the people.

        Like

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