3/1/2023 0 Comments Aion 4 0 full client rohan![]() ![]() Much of the business and corporate law community, however, sees a different picture. Critics also worry about the erosion of free speech, threats to judicial independence, the persecution of minorities, a rise in sectarian violence, and a thriving culture of nepotism and bribery under the Bharatiya Janata Party government. Modi’s government has been plagued by recent statistics, which show that the country’s unemployment rate hit a 45-year low of 6.1% for the year 2017-2018. Although Modi was supported by many, the population at large was faced with a liquidity crunch, unemployment and a brief halt to major activities, according to the Reserve Bank of India data. Two years ago, he was criticized for his demonetization exercise, which ravaged the economy, slackened growth momentum and temporarily dampened major economic activities. ![]() Many still buy into what Kapil Komireddi calls “the myth of Modi as a technocratic modernizer – crafted by an ensemble of intellectuals and industrialists”, retaining a belief that he represents stability, prosperity and change. At home in India, Modi promised to drive growth, create jobs, work for the poor, tackle corruption and improve ease of doing business in the country.Īs he assumes his second term in office, there are great expectations. Vandana Chatlani reports.įive years ago, when Prime Minister Narendra Modi first came to power he was described by former CNN New Delhi bureau chief Ravi Agrawal, as a “wildcard”, and an “unknown quantity” to his counterparts in Washington, Beijing and Islamabad. ![]() India Business Law Journal reveals the top international law firms for India-related matters. ![]()
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