India is Stuck in an Economic Slump: What Comes Next
Narendra Modi was reelected with the promise of economic growth, but will lagging investment, slow trade negotiations with the United States and tensions with Pakistan inhibit India’s much-needed rebound?
Prime Minister Narendra Modi and the Bharatiya Janata Party won a landslide reelection in May 2019, but political and economic unrest are shortening the honeymoon. After years of sharp economic upturn and high growth, India has been underperforming since late 2018. India’s GDP growth has hit a seven-year low and unemployment has reached historically high levels.
Nisha Biswal, president of the U.S.-India Business Council at the U.S. Chamber of Commerce, and former assistant secretary of State for South and Central Asian Affairs, joined Peter Schechter and Muni Jensen of the Altamar podcast to explain the sluggish Indian economy and how Modi’s government can tackle structural economic issues to achieve growth.
Source: The Brink