Friday, December 05, 2025 | 08:17 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Why PM Modi seems to have given up on hopes of transforming India

Modi's promise of a new political economy, one oriented around the private sector, productivity and growth was illusory

narendra modi
premium

Prime Minister Narendra Modi addresses the International Matua Maha Sammelan and Dharma Sabha at Thakurnagar in North 24 Parganas | PTI

Mihir S Sharma | Bloomberg
India’s Prime Minister Narendra Modi is in a spot of trouble. He has to face reelection in a few months amid growing dissatisfaction with his government’s performance; he’s likely to use every lever available to eke out a win. One such lever, unfortunately, was the interim federal budget that his lame-duck government presented last week, to keep official machinery running till the next government can come in with a mandate and make decisions about taxation and spending. As many of us feared, Modi broke with bipartisan convention: He used the occasion essentially to launch his election appeal to India’s voters.