Editor's Picks: Will India's economic success last?

编辑精选:印度的经济成功能持续多久?

Editor's Picks from The Economist

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2024-04-29

7 分钟
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A handpicked article read aloud from the latest issue of The Economist. Today, we examine the strength of the Indian economy and how it may grow if Narendra Modi wins another term. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+
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  • The Economist Hello, this is Jason Palmer,

  • co-host of The Intelligence, our daily news and current affairs podcast.

  • This is Editor's Picks,

  • where you can hear an unmissable article from the latest edition of The Economist.

  • Please do have a listen.

  • In six weeks time,

  • Narendra Modi is expected to win a third term as India's prime minister.

  • cementing his status as its most important leader since Nehru.

  • The electoral success of this tea seller's son reflects his political skill,

  • the potency of his Hindu nationalist ideology and his erosion of democratic institutions.

  • But it also reflects a sense among ordinary voters and elites that he's bringing India prosperity and power.

  • Mr Modi's India is an experiment in how to get richer.

  • amid deglobalisation and under strongman leadership.

  • Whether it can grow fast and avoid unrest over the next 10 to 20 years will shape the fate of 1.4 billion people and the world economy.

  • As our special report explains, Mr Modi's formula is working, up to a point.

  • But there are questions over whether India's success can last and whether it depends on him remaining in power.

  • India, the world's fastest growing big country,

  • is expanding at an annual rate of 6 to 7 percent.

  • New data show private sector confidence at its highest since 2010.

  • Already the fifth largest economy, it may rank third by 2027 after America and China.