Economy | In need of a booster dose
In several of his speeches at election rallies prior to the general election, Prime Minister Narendra Modi underlined a key economic prospect—that India would become the third largest economy in the world quite early in his third term. Modi, who had won the election twice before for the Bharatiya Janata Party (BJP) on the promise of a stronger economy and business-friendly policies, felt that glossy figures regarding India’s economy still resonated with the masses. The election, however, proved that Indian voters were concerned about a host of pressing issues, not least of which were the dearth of jobs and high prices. The BJP subsequently won fewer Lok Sabha seats than it expected to, making it dependent on allies to form the government. But that hasn’t stopped Modi from showcasing India’...