Tag: Modi economy

By Frank F. Islam, On Sunday, January 7, the New York Times ran a front page story titled "Rising Anxiety in India is Piercing Modi's Aura of Invincibility". The article discussed the decline in GDP, consumption and consumer confidence and its impact on India and Indians. A little more than two weeks later, on January 23, Prime Minister Narendra Modi gave the opening address at the Davos World Economic Forum (WEF) in Switzerland. In that address, he declared: "According to the World Bank and IMF, our growth rate is going to...