Sumary of Narendra Modi’s reform momentum has finally hit a wall in India:
- First, the government made a U-turn on the three laws that Prime Minister Narendra Modi wanted to use to shake up the stagnant farm economy.
- Why is it so hard for a powerful — and, after more than seven years in the top job, still highly popular — leader to enforce his will?
- Within a year of becoming prime minister, Modi tried to tilt the balance so that village plots could be acquired more easily for infrastructure or affordable housing.
- But opposition leader Rahul Gandhi mocked him in parliament for favoring crony capitalists dressed in “suits and boots.
- Despite opposition from bank employees’ unions, a bill — to be introduced in the upcoming winter session of parliament — will pave the way for privatizing two state-run lenders.