November 15, 2018

India is now the world’s fastest-growing major economy, and Prime Minister Narendra Modi has won praise for shepherding that momentum.

But the picture for the South Asian giant isn’t all rosy, economists told CNBC: As impressive as the country’s growth has been, it has not seen that prosperity evenly distributed. That’s especially relevant for the prime minister, who is up for reelection in 2019, because inclusive growth had been a major promise during his 2014 campaign.

“The Indian economy has shown sustained strong growth under the Modi government, with GDP growth of around 7 percent every year in fiscal 2017-18 and similar growth momentum forecast for 2018-19,” Rajiv Biswas, Asia Pacific chief economist at data firm IHS Markit, told CNBC.

Read more:

https://www.cnbc.com/2018/11/15/india-economy-modi-faces-inequality-black-money-and-taxes.html