India's 8% Growth Story Masks What's Wrong With Modinomics [Forbes]
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Source: Forbes
India's Prime Minister Narendra Modi. Between Donald Trump and Narendra Modi, it's often hard to tell who's the better economic salesman. Former U.S. President Trump's ability to bend cold, hard data, charts and verifiable trendlines to his own will and political advantage seems unmatched. Until you consider Prime Minister Modi's uncanny knack for convincing a critical mass of 1.4 billion Indians that he's already made their economic prospects great again. On the surface, it can be hard to quibble with Modi's spin as his Bharatiya Janata Party tries to secure another five years in power. The election process that begins April 19 is well timed for the BJP. India is growing north of 8% at a moment when the stock market is going gangbusters and foreign investors fleeing China are pivoting its way. That includes Japanese investors, who are increasingly buying into the “China-plus-one” theory and diversifying into Indian assets. Xi Jinping's challenges over in Beijing are making
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