As the Narendra Modi government completes one year, Bloomberg TV India’s Fatima Karan discusses with Milan Vaishnav what he makes of Modi’s first year in office. Vaishnav gives the Modi government a 6 out of 10 on its first year performance. He complements the government for taking small steps like lifting FDI caps, but argues that, given the huge mandate the government had, it should have been bolder in its reforms. Rather than taking action, Modi has been much more inclined to announce new reforms, and he has been surprisingly politically risk averse, Vaishnav concluded.
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