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- Title
Waiting for a Modi Miracle.
- Authors
TWINING, DANIEL
- Abstract
The article discusses the long-term performance of India that hinges its ability to employ a labor pool in 2016. It mentions that the collapse in oil traded price has been a windfall that enables the government headed by Prime Minister Narendra Modi to reduce fiscal deficits and slash energy subsidies. It states that credit growth is slowing as banks in India grapple with portfolios of non-performing loans which will take years to unwind. INSET: Indian Headaches.
- Subjects
INDIA; INDIAN economy, 1991-; EMPLOYMENT; PETROLEUM product sales &; prices; BANKING industry; MODI, Narendra, 1950-
- Publication
International Economy, 2016, Vol 30, Issue 2, p58
- ISSN
0898-4336
- Publication type
Article