India Races to Revamp its Economy and Military

VADODRA, INDIA – APRIL 09: Supporters throw flower petals as Bharatiya Janata Party (BJP) leader Narendra Modi rides in an open jeep on his way to file nomination papers on April 9, 2014 in Vadodra, India. India is in the midst of a nine-phase election from April 7-May 12. (Photo by Kevin Frayer/Getty Images)

Indian Prime Minister Narendra Modi is well known for his massive Twitter following – roughly 32 million – and obsession with taking selfies at every occasion. But it was his promise to bring the economic success and clean governance of his home state of Gujarat to the rest of India that fueled Modi’s rise to power in 2014.

This Gujarat model is the driving force behind “Modinomics,” which focuses on rooting out corruption in the government and society, slashing the regulation and red tape that strangles foreign direct investment, and kick-starting Indian manufacturing through the “Make in India” program. In November of last year, the Modi government proved just how committed it was to pursuing radical reform when it suddenly removed two of the largest currency denominations from circulation in an effort to hamstring the black economy.

Access all of The Cipher Brief’s national security-focused expert insight by becoming a Cipher Brief Subscriber+ Member.

Sign Up Log In

Categorized as:Asia ReportingTagged with:

Related Articles

Search

Close