Modi’s actions fail to live up to his words


Modi meets Jinping

A critical piece on Indian PM Modi from The Japan Times.

Modi borrowed the language on Nov. 8 to order a “surgical strike” on black money, removing from legal tender the two highest denomination 500- and 1,000-rupee notes that accounted for 86 percent of India’s currency stock. Demonetization showed Modi confuses impetuous and headstrong for bold and decisive leadership.

In summary, it caused considerable damage and disruption to the economy and adversely impacted the material conditions and rights of the people, without discernible success in meeting the declared goals. However, although dubious as an economic decision, it paid off as a political gamble, proving Modi is a party politician, not a national leader. Modi has been determined to consolidate, expand and centralize state power more than unleash the creative business potential of the Indian innovator, entrepreneur and trader.

The complete article

Ramesh Thakur — The Japan Times

Image source

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s