I think what we are seeing right now is really the product of larger international factors. India in relative comparison looks like the healthy performer. More than a million Indians are joining the labor force every month. The problem is people are working in ways that are not up to their potential.
India’s Prime Minister Narendra Modi is investing billions of dollars to boost manufacturing and attract foreign investment in his rapidly growing country. Modi’s ambitious goal: To propel India to the top ranks of global economic powers, alongside the US and China.
Bloomberg journalists Kai Schultz and Vrishti Beniwal join this episode to explain how he intends to do that–and the tall challenges he’ll face along the way. And Milan Vaishnav, director of the South Asia Program at the Carnegie Endowment for International Peace, talks about Modi’s successes, and stumbles, as he navigates India’s complex political and religious cross-currents.
Read more on this story here: https://www.bloomberg.com/news/features/2023-01-23/india-s-1-4-billion-population-could-become-world-economy-s-new-growth-engine?srnd=bigtake
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