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100 days of Modi 2.0: Glut of bad news on economy belies reform hopes

Days after the new Modi government was sworn-in, the benchmark indices climbed to all-time highs

Narendra Modi
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Prime Minister Narendra Modi | Photo: PTI

Arup Roychoudhury New Delhi
When Prime Minister Narendra Modi came back to power for a second term with a bigger mandate, there were expectations of long-pending structural reforms being  finally carried out. However, the handling of the economy in the first 100 days of the government has mostly been about firefighting on multiple fronts and allaying sour market sentiment.

Just the day after Modi and his ministers took oath on May 30, growth in gross domestic product (GDP) for January-March came in at 5.8 per cent — the lowest in five years. This was only the beginning of bad news. The April-June growth figure,

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First Published: Sep 07 2019 | 2:46 AM IST

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