- +1
Sumitra Badrinathan, Devesh Kapur, Andy Robaina, …
{
"authors": [
"Milan Vaishnav"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "ctw",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "SAP",
"programs": [
"South Asia"
],
"projects": [],
"regions": [
"South Asia",
"India"
],
"topics": [
"Economy"
]
}Source: Getty
Modi: One Year On
Narendra Modi’s number one priority is the economy. But while he deserves some credit for improving India’s macroeconomic performance, he has been slow to enact bold reforms that could improve the business climate and the functioning of government.
Source: Monocle
As Narendra Modi completes a year in office, Monocle’s Steve Bloomfield is joined by Milan Vaishnav and Shashank Bengali to discuss where the world’s largest democracy is today.
Vaishnav begins by saying that Modi’s number one priority is the economy, and that he deserves some credit for improving India’s macroeconomic performance. However, he has been slow to enact bold reforms that could improve the business climate and the functioning of government. Vaishnav also notes that Modi has avoided addressing hot-button social issues himself, yet he has declined to condemn& inflammatory comments from his allies in the BJP and RSS.
About the Author
Director and Senior Fellow, South Asia Program
Milan Vaishnav is a senior fellow and director of the South Asia Program and the host of the Grand Tamasha podcast at the Carnegie Endowment for International Peace. His primary research focus is the political economy of India, and he examines issues such as corruption and governance, state capacity, distributive politics, and electoral behavior. He also conducts research on the Indian diaspora.
- Indian Americans Still Lean Left. Just Not as Reliably.Commentary
- Indian Americans in a Time of Turbulence: 2026 Survey ResultsPaper
- +1
Milan Vaishnav, Sumitra Badrinathan, Devesh Kapur, …
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie China
- How China’s Growth Model Determines Its Climate PerformanceCommentary
Rather than climate ambitions, compatibility with investment and exports is why China supports both green and high-emission technologies.
Mathias Larsen
- What’s New about Involution?Commentary
“Involution” is a new word for an old problem, and without a very different set of policies to rein it in, it is a problem that is likely to persist.
Michael Pettis
- The Chinese Investment Riddle: What Cities RevealCommentary
While China's investment story seems contradictory from the outside, the real answers to Beijing's high-quality growth ambitions are hiding in plain sight across the nation's cities.
Yuhan Zhang
- Using China’s Central Government Balance Sheet to “Clean up” Local Government Debt Is a Bad IdeaCommentary
China's stimulus addiction cannot go on forever. Beijing still has policy space to clean up the country's massive debt issue, but time is running short.
Michael Pettis
- Why China Should Revalue the Renminbi—And Why It Can’t Easily Do SoCommentary
A quick look at the complexities behind Beijing’s enduring Catch-22 situation with revaluing the Renminbi, despite advantages of a stronger currency.
Michael Pettis