Advertisement
Saturday, Oct 23, 2021
Outlook.com

Modinomics 2.0

The government looks set to change tack and spend more to boost growth

Modinomics 2.0
Modinomics 2.0
outlookindia.com
2017-11-04T11:13:28+05:30

Two-thirds of Prime Minister Narendra Modi’s term is over, and everyone is waiting for Modi­nomics to pay off. With growth falling off a cliff and pessimism taking hold, there are now signs that Modinomics is set to change course. In the offing are a series of measures to handhold the economy. Is there a ‘Modinomics 2.0’ in the making?

When economic agendas stand out, for whatever reasons, they become eponymous. Take, for instance, Abenomics. It’s a label for Japanese Prime Minister Shinzo Abe’s policies to raise his country’s inflation rate, considered too low to sustain growth. Trumponomics refers to Donald Trump’s economic nationalism, marked by threats to cancel the United States’s free-trade pacts. Modinomics—Naren­dra Modi’s economic agenda—on the other hand, is increasingly getting equated with shock therapies, thanks to a bungled demonetisation and a complicated goods and services tax (GST).

After the bitter pills, the Modi government will now look to go easy and consolidate the...

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Love, Respect, Awe: That's The Way Shah Rukh Khan Looks At Women In His Films

Love, Respect, Awe: That's The Way Shah Rukh Khan Looks At Women In His Films

Shah Rukh Khan is the soothing balm for millions of Indian women living an oppressive life in an insensitive, patriarchal society.

Smoke And Mirrors: NCB’s Panchnama In Aryan Khan Case Hides More Than It Reveals

Smoke And Mirrors: NCB’s Panchnama In Aryan Khan Case Hides More Than It Reveals

NCB’s methods are under the scanner as experts punch holes in ‘panchnama’, arrest memo.

T20 World Cup: Adil Rashid, Moeen Ali Star As England Beat West Indies

T20 World Cup: Adil Rashid, Moeen Ali Star As England Beat West Indies

England dismissed West Indies for 55 then chased down the target in 8.2 overs in their ICC T20 World Cup 2021 opener.

Terrorism Has Reduced, Stone Pelting Is Invisible: Amit Shah In Kashmir

Terrorism Has Reduced, Stone Pelting Is Invisible: Amit Shah In Kashmir

On his visit to Kashmir since Article 370 abrogation, Union home minister attends security review meeting, youth event, meets family of slain police officer.

Advertisement