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Modi: Pro Business, Not Pro Markets

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Posted: August 15th, 2017

By Milan Vaishnav

Milan Vaishnav is a senior fellow in the South Asia Program 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. Previously, he worked at the Center for Global Development, where he served as a postdoctoral research fellow, the Center for Strategic and International Studies, and the Council on Foreign Relations. He has taught at Columbia, Georgetown, and George Washington Universities. He holds a Ph.D. in political science from Columbia University.

Last November, Indian Prime Minister Narendra Modi implemented a demonetization of the country’s two most popular bank notes, sparking chaos across the country as people tried to deposit their cash before it became worthless. However, one year later, the Indian economy is growing at a healthy seven percent annually, and Modi remains an extremely popular leader. The Cipher Brief’s Fritz Lodge spoke with Director of the South Asia Program at the Carnegie Endowment, Milan Vaishnav, about Prime Minister Modi’s economic plan to transform India into an economic superpower, and the critical role that defense spending and military modernization plays in “Modinomics.”

The Cipher Brief: What are Prime Minister Modi’s key economic policy goals?

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Categorized as:Asia ReportingTagged with:

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