Modi’s Election Setback A Reality Check On India’s Economic Problems – Analysis
==========
Narendra Modi's disappointing electoral showing could be the catalyst for a shift away from divisive Hindu nationalism towards economic development. The Bharatiya Janata Party (BJP) stumbled to 240 seats, a 63-seat deficit from 2019, requiring Modi to rely on his alliance partners to form a government. Indian voters have sent a clear message that dealing with the problems of the economy matters more than divisive populist rhetoric. Inequality between India's rich and the rest of the population has grown worse in the past decade, and the lack of decent jobs in the manufacturing sector has left many stuck in low-productivity employment. Modi's vision is for India to become a developed economy by 2047, but this ambition would require growth of about 10% per annum for the next 23 years. Without his own parliamentary majority, Modi will be forced to negotiate with his coalition partners to pass bills through parliament, which may lead to a more consensus-based approach to future reforms.
#NarendraModi #BharatiyaJanataParty #EconomicDevelopment #HinduNationalism #Inequality #ManufacturingSector #ParliamentaryMajority #CoalitionPartners #Reforms
https://www.eurasiareview.com/17062024-modis-election-setback-a-reality-check-on-indias-economic-problems-analysis/
Eurasia Review /
npub1wc…jzsfw
2024-06-16 23:32:20
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npub1wc7d8ck45cw5jgdwx6du933w2eqtgpmyvxgk6wtmzdghtpwrx2cqejzsfwPublished at
2024-06-16 23:32:20Event JSON
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"content": "Modi’s Election Setback A Reality Check On India’s Economic Problems – Analysis\n==========\n\nNarendra Modi's disappointing electoral showing could be the catalyst for a shift away from divisive Hindu nationalism towards economic development. The Bharatiya Janata Party (BJP) stumbled to 240 seats, a 63-seat deficit from 2019, requiring Modi to rely on his alliance partners to form a government. Indian voters have sent a clear message that dealing with the problems of the economy matters more than divisive populist rhetoric. Inequality between India's rich and the rest of the population has grown worse in the past decade, and the lack of decent jobs in the manufacturing sector has left many stuck in low-productivity employment. Modi's vision is for India to become a developed economy by 2047, but this ambition would require growth of about 10% per annum for the next 23 years. Without his own parliamentary majority, Modi will be forced to negotiate with his coalition partners to pass bills through parliament, which may lead to a more consensus-based approach to future reforms.\n\n#NarendraModi #BharatiyaJanataParty #EconomicDevelopment #HinduNationalism #Inequality #ManufacturingSector #ParliamentaryMajority #CoalitionPartners #Reforms\n\nhttps://www.eurasiareview.com/17062024-modis-election-setback-a-reality-check-on-indias-economic-problems-analysis/",
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