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The Intelligence from The Economist
The Intelligence: Supercharging India’s economy
May 8, 2024
20:22
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Discussing the economic successes and challenges under Modi's leadership in India, the booming arms industry in Russia despite sanctions, and the comical perils of trying to work on a plane.
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- India's economic success is driven by infrastructure development and service exports, but sustainability hinges on needed reforms.
- Russia's arms industry thrives despite Western sanctions, sourcing crucial components from China and navigating supply chain complexities.
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India's Economic Growth and Development
India's economic success is attributed to infrastructure development, including road and power projects, creation of a national market, and digital identity schemes. Additionally, the country excels in service exports, particularly in IT, with companies like Infosys and TCS leading the way. While India's growth is notable, some question the sustainability of its success and the direct impact of leadership, such as Prime Minister Narendra Modi.
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