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Riding High Examining India

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  Published in Politics and Government on Tuesday, August 19th 2025 at 21:57 GMT by ThePrint
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Riding High: Examining India’s Economic Performance Under Modi and Dismissing Doomsday Predictions

For years, voices predicting an imminent economic collapse in India have echoed through financial circles. Rahul Gandhi's pronouncements of a "doomsday" scenario became almost synonymous with this pessimistic outlook. However, recent data and analysis paint a considerably more robust picture – one suggesting that the Indian economy is experiencing significant growth under Prime Minister Narendra Modi’s leadership, defying many doomsayers. This article will delve into the key indicators supporting this assessment, explore the factors contributing to India's economic resilience, and address the lingering concerns despite the positive trends.

The core argument presented by ThePrint, drawing on insights from economists like Neelkanth Mishra and others, is that India’s GDP growth has consistently outperformed expectations. While global headwinds persist – including inflation in developed nations and geopolitical instability – India has managed to maintain a relatively strong trajectory. The article highlights the resilience of sectors like manufacturing and services, which are driving this growth. Specifically, it points to the robust performance of the automotive sector, driven by pent-up demand and export opportunities, and the continued strength of the IT sector despite global uncertainties.

A key factor contributing to India’s economic buoyancy is its demographic dividend – a large working-age population eager for employment and consumption. This provides a significant boost to domestic demand, insulating the economy somewhat from external shocks. Furthermore, government initiatives aimed at boosting infrastructure development, such as the National Infrastructure Pipeline (NIP), are creating jobs and stimulating investment. The Production Linked Incentive (PLI) scheme, designed to encourage domestic manufacturing across various sectors, is also showing early signs of success, attracting both foreign and domestic investment.

The article acknowledges that challenges remain. Inflation, while moderating from its peak, continues to be a concern, impacting consumer spending power. Global economic slowdowns could dampen export growth, which remains crucial for India’s overall performance. The persistent issue of unemployment, particularly among young people, requires sustained attention and targeted interventions. Moreover, the article notes that while GDP growth is impressive, translating this into broad-based prosperity – ensuring equitable distribution of wealth and opportunities – remains a critical challenge.

The comparison with Rahul Gandhi's predictions serves as a stark contrast to the current economic reality. His repeated warnings of an impending crisis have largely failed to materialize, highlighting the potential for political rhetoric to distort perceptions of economic health. While acknowledging that legitimate concerns exist regarding India’s long-term sustainability and structural reforms, dismissing the economy as facing imminent collapse appears increasingly inaccurate based on available data.

ThePrint's analysis also emphasizes the importance of understanding the nuances within different sectors. For example, while some segments of the agricultural sector are struggling with issues like climate change and input costs, others are benefiting from increased demand for specific commodities. Similarly, while certain export-oriented industries face headwinds due to global trade tensions, others are finding new markets and opportunities.

Looking ahead, several factors will be crucial in determining India’s continued economic success. Maintaining fiscal discipline is paramount to managing inflation and debt levels. Continued investment in education and skill development is essential for harnessing the demographic dividend effectively. Further reforms aimed at improving ease of doing business, attracting foreign direct investment, and promoting innovation are also vital. The article suggests that a focus on sustainable growth – balancing economic progress with environmental protection and social equity – will be key to ensuring long-term prosperity.

The recent performance of the Indian economy under Modi’s leadership demonstrates a remarkable degree of resilience and adaptability. While challenges undoubtedly remain, the narrative of an impending “doomsday” has proven largely unfounded. The focus now should shift towards consolidating these gains, addressing structural weaknesses, and fostering inclusive growth that benefits all segments of society. The continued monitoring of key economic indicators, coupled with proactive policy interventions, will be essential to navigate future uncertainties and ensure India’s sustained economic progress on the global stage.