Open figure viewer
Significance
The target is associated with reaching GDP of USD30tn, compared with less than USD4tn currently. Modi, in power since 2014, appears on course to win a third straight term.
Impacts
The BJP will keep striving to shore up its Hindu nationalist base, as well as working to convince voters of its credentials on development.
Measures to bolster infrastructure and expand welfare programmes would likely be among the immediate priorities during a third Modi term.
Finding ways to increase employment could prove one of the toughest challenges for the next government, whoever leads it.
Keywords:
India,
AP,
China,
IMF-World Bank,
Vietnam,
economy,
industry,
politics,
social,
agriculture,
balance of payments,
consumer,
election,
employment,
foreign trade,
government,
growth,
manufacturing,
party,
services,
technology,
education,
health,
infrastructure,
monetary,
prices,
protest,
religion,
welfare,
policy,
Agribusiness,
Industrials,
Services
© Oxford Analytica 2024. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2024
You do not currently have access to this content.
