Modi Is More Powerful Than Ever — Even as India’s Economy Strains

莫迪权力更胜以往——即便印度经济压力重重

Big Take

2026-05-13

19 分钟
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Despite India facing economic headwinds, Prime Minister Narendra Modi’s party defied expectations with a stunning state election sweep — capped by a historic win in opposition stronghold West Bengal. On today’s Big Take Asia Podcast, host K. Oanh Ha speaks to Bloomberg’s Menaka Doshi about how the BJP secured a shock victory and what an emboldened Modi might mean for India and the world. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Read more: Resurgent Modi Paves Way to Keep Power in India Well Beyond 2030 Hosted by K. Oanh Ha; Produced by Naomi Ng, Yang Yang; Reported by Menaka Doshi; Edited by Paddy Hirsch. Fact-checking by Rachael Lewis-Krisky, Yang Yang; Engineering by Taka Yasuzawa. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener for privacy information.
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  • I think voters have recognized that the energy crisis that India is facing is not the doing of India or its government.

  • So there's a lot of noise about AI, but time's too tight for more promises.

  • And three, I think he also found more takers for his Hindutva nationalistic style of politics.

  • Second, what the government has done very effectively is shield voters from a significant pass-through of higher crude oil

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  • and gas prices, because at the retail level, these prices have not yet gone up.

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  • Menaka says another significant factor was India's Election Commission's controversial efforts to clean the voter rolls.

  • The household has not yet felt the pain, which is not to say there is no pain,

  • the commission removed about 9 million names, nearly 12 percent of the electorate.

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  • Just two weeks before the vote in West Bengal,