Economist magazine: PM Narendra Modi not as much of a reformer as he seems

The Economist article also questioned the shrinking space for public debate under the Modi administration, stating that 'Hindu nationalist thugs' intimidate anyone who chides the government for arguably straying from India's secular tradition.

By: Express Web Desk | New Delhi | Updated: June 23, 2017 4:02 pm
economist, economist modi, modi article economist, modi economist report, “Terming him more a chauvinist than an economist, the article states that Modi has, himself, become the object of a ‘sycophantic personality cult'”. Image: Economist

In scathing criticism of Prime Minister Narendra Modi, international business magazine Economist claimed the NDA government under Modi’s leadership failed to usher in significant economic reform over the last three years that he has been in power.

In a piece titled “India’s prime minister is not as much of a reformer as he seems”, Economist termed the yet to be launched GST ‘unnecessarily complicated and bureaucratic’ and claimed that the demonetisation move by the government was ‘counterproductive, hamstringing legitimate businesses without doing much harm to illicit ones.’

The article states that despite having a majority that the country has not seen in decades and an Opposition that is ‘hopeless’, Modi has failed to introduce reforms on a large scale — attributing it to his lack of reform skills – squandering a golden opportunity that the current global economy as well the country’s political situation provide.

“His reputation as a friend to business rests on his vigorous efforts to help firms out of fixes — finding land for a particular factory, say, or expediting the construction of a power station. But he is not so good at working systematically to sort out the underlying problems holding the economy back…. India does not just need power stations and parcels of land for development. It needs functioning markets for electricity and land—and capital and labour, for that matter.”

The article also questioned the shrinking space for public debate under the Modi administration, stating that ‘Hindu nationalist thugs’ intimidate anyone who chides the government for arguably straying from India’s secular tradition. It goes on to state the CBI raids at the office and residence of NDTV co-founder Prannoy Roy as an instance of ‘heavy-handedness’ by the government.

Terming him more a chauvinist than an economist, the article states that Modi has, himself, become the object of a ‘sycophantic personality cult’ – and it could well be a ploy to win consequent elections, adding that “it is not hard to imagine it going disastrously wrong”.

economist, economist modi, modi article economist, modi economist report, narendra modi, bjp, indian express news The Economist cover featuring the article critical of Prime Minister Narendra Modi.

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    Ashish J Sanyal
    Jun 27, 2017 at 1:35 pm
    His lack of action against the growing intolerance in the country is more worrying.
    Reply
    1. H
      HRP
      Jun 24, 2017 at 9:53 am
      It's a lobby working to deactivate Modi so that India do not progress. Every indian need to be very careful about this kind of intellectual terror expressed through literary English.🤓
      Reply
      1. K
        Khan
        Jun 24, 2017 at 3:05 am
        Send this anti-national "Economist" magazine away to Pakistan!
        Reply
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          Ananth
          Jun 23, 2017 at 11:53 pm
          They are the guys who took sides and advised India should never elect Modi. People just did the opposite. So people of India have shown what respect should be given to this magazine's views. They similarly wrote things for US election too. They too showed the door to their opinions. They are the same kind of liberals who are being hounded out throughout the world for their defeatist at ude. At this rate they may have to file for bankruptcy soon.
          Reply
          1. K
            Khan
            Jun 24, 2017 at 3:07 am
            Economist is one of the world's most widely respected magazines. It's cover on India in the early 2000s can be pinpointed as the moment where India really came into the spotlight. You might not care what it says, but the rest of the world (including investors) sure does.
            Reply
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              DILIP
              Jun 24, 2017 at 5:58 pm
              Respected by whose standard, by your low grade low IQ. bog standard? Man you are so stupid and hollow to make such statement. Economist is the most socialist/left liberal leaning biased and discredited magazine in the world. It is so respected it is so sensitive to my many criticism by blocking my contrarian views. You can f ccu k off you do not know what you are ranting about. As to Pukistans press freedom you are so delusional, it is so free that it has Sharia Laws and Blasphemy law to gag freedom of expression, you are deranged.
              1. T
                Tolerant
                Jun 26, 2017 at 2:42 pm
                Mr Dilip, Mr. Khan has made a point. Instead of countering his point with a valid logical argument, you have commented on his IQ. You call him hollow and stupid. I wonder what sense a person like you could make reading the article by Economist !?
              2. K
                Khan
                Jun 24, 2017 at 3:09 am
                And yes, they advised voting against Trump. Given that his approval ratings are 36 , they were probably right. If India had a free and vibrant media, Modi's personality cult wouldn't be flourishing. And yes, India's media isn't free - ranked 136 in the world, just ahead of Pakistan at 139. Pakistan has been rapidly rising in press freedom rankings, while India has been declining.
                Reply
              3. B
                balaMohan
                Jun 23, 2017 at 11:49 pm
                Yes, he is Aurangzeb.
                Reply
                1. H
                  Hedonist
                  Jun 23, 2017 at 11:08 pm
                  Britain wants a Free Trade agreement with India or not?
                  Reply
                  1. S
                    Suraj
                    Jun 23, 2017 at 11:31 pm
                    So now you are resorting to cheap black mail?
                    Reply
                  2. S
                    Smart
                    Jun 23, 2017 at 10:29 pm
                    Whoa are these s running a magazine called Economist? Indian Express doers Google search to find out anything anyone says against the current government and highlights that. Even their editorials are so dumb and one sided.
                    Reply
                    1. K
                      Khan
                      Jun 24, 2017 at 3:10 am
                      Economist is one of the world's most respected magazines!
                      Reply
                    2. A
                      A
                      Jun 23, 2017 at 9:42 pm
                      We do not need certificates from jealous journalists who want to always denigrate India
                      Reply
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