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Modi's New India is Off to a Bad Start

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Modi's New India is Off to a Bad Start Empty Modi's New India is Off to a Bad Start

Post by confuzzled dude Tue Jul 29, 2014 9:50 pm

India's new prime minister, Narendra Modi, promised to give the stalling Indian economy a good, firm push. Under his leadership, he said, India would be open for business. There's little sign of it so far.

Last week, India's negotiators dismayed trade ministers around the world by threatening to block a global trade deal -- one that's very much in India's interests -- unless they get their way in a separate dispute over farm subsidies. And though Modi has been in office a mere two months, this isn't the first such letdown. The self-defeating brinkmanship on trade followed a pretty timid business-as-usual budget. Optimism over Modi is evaporating fast.
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Modi should reflect on how few countries rallied to support him last week. When Bolivia, Cuba and Venezuela think you're in the right, you might want to think again. This trade deal was supposed to be final on July 31. India should let it happen.

http://www.bloombergview.com/articles/2014-07-28/modi-s-new-india-is-off-to-a-bad-start

confuzzled dude

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