Kunal Sen
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Two large shocks and a long-term problem
The economic performance of the Modi government, 2009–14
in Passionate politics
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This chapter examines the economic performance of the Narendra Modi government from 2014 to 2018, focusing on the demonetisation episode and the introduction of the Goods and Services Tax (GST). It also looks at the problem of ‘joblessness’ that was evident in the Indian economy during the 2000s. The chapter argues that the two large negative shocks to the Indian economy – demonetisation and the introduction of the GST – did not seem to have any political fallout, as their emotional value seems to have trumped economic reality. In addition, the problem of ‘joblessness’ can be attributed more to long-term structural factors and less to the Modi government’s handling of the Indian economy.

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Passionate politics

Democracy, development and India’s 2019 general election



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