Finance & economics | Of money and Modi

How strong is India’s economy under Narendra Modi?

It has neither boomed nor slumped. But growth may be taking off

A street vendor sells balloons at a market in Kolkata.
Image: Avishek Das/SOPA/ZUMA Press Wire/Eyevine
|Chennai and Mumbai

In the second week of 2024 business leaders descended on Gujarat, the home state of Narendra Modi, India’s prime minister. The occasion was the Vibrant Gujarat Global Summit, one of many gabfests at which India has courted global investors. “At a time when the world is surrounded by many uncertainties, India has emerged as a new ray of hope,” boasted Mr Modi.

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This article appeared in the Finance & economics section of the print edition under the headline “Of money and Modi”

From the January 20th 2024 edition

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