Wednesday, January 14, 2015

Modi-nomics explained in one paragraph

The one paragraph from an article in The Economist that appropriately describes “Modi-nomics” and differentiates it from those of Thatcher and Regan:

A focus on basic infrastructure and public goods; a drive to make civil servants honest and accountable; a penchant for IT; a flair for marketing to business investors. The elements of Mr Modi’s brand of economics are not obviously those of Margaret Thatcher or Ronald Reagan, to whom he has been compared by some commentators. Thatcher wanted a small state. Reagan is held to have said that “the nine most terrifying words in the English language are: ‘I’m from the government and I’m here to help.’” Mr Modi, by contrast, believes government can be made to work better.