India Today

October 5, 2018 • Volume 28, Issue 35
Can it maintain strong economic growth?
By Jonathan Broder

Introduction

India's Prime Minister, Narendra Modi (Cover: Getty Images/Hindustan Times/Mujeeb Faruqui)
India's Prime Minister, Narendra Modi, addresses a workers' meeting in Bhopal on Sept. 25. Modi, who is running for another five-year term in next year's elections, must grapple with growing income disparity, ethnic and religious tensions and strained relations with neighbors China and Pakistan. (Cover: Getty Images/Hindustan Times/Mujeeb Faruqui)

India has the world's fastest growing economy, a status experts believe will continue for at least the next three years and possibly longer. Since taking power in 2014, Prime Minister Narendra Modi has overhauled the country's tax structure, modernized bankruptcy laws and cracked down on corruption. With globalization, India's economy has produced more than 100 billionaires, and the middle class has expanded significantly. But major challenges confront Modi as he seeks another five-year term next year: The sprawling nation of 1.3 billion people remains riven by differences in income, education, religion, language and caste. Income disparity is rising, and one in five Indians lives in extreme poverty. In foreign affairs, India-Pakistan relations remain tense, and India worries that China, its economically and militarily stronger neighbor to the north, is undermining New Delhi's influence in South Asia. How India performs economically in the future will help determine not only the fate of its impoverished masses but also the country's place as a regional and global power.

ISSUE TRACKER for Related Reports
India
Oct. 05, 2018  India Today
May 2007  India Rising
Apr. 19, 2002  Emerging India
Jun. 11, 1976  India Under Authoritarian Rule
Feb. 17, 1971  India 1971: Strained Democracy
Jan. 18, 1967  India's Election and Economic Prospects
Nov. 03, 1965  Kashmir Question
Oct. 24, 1962  India-China Border War
Jan. 31, 1962  India's Election and Political Progress
Oct. 21, 1959  India, China, Tibet
Apr. 29, 1959  India's Hard Years
Apr. 30, 1958  Kashmir Conflict
Jun. 10, 1954  Neutral India
Jul. 18, 1951  Relations with India
Mar. 13, 1946  Freedom for India
Nov. 24, 1942  India and the War
Mar. 28, 1930  The Political Crisis in India
BROWSE RELATED TOPICS:
Alliances and Security Agreements
Arms Control and Disarmament
Bankruptcy
Climate Change
Commercial Law
Computers and the Internet
Conflicts in Asia
Criminal Law Procedure and Due Process
Economic Analyses, Forecasts, and Statistics
Economic Development
Engineering
Exports and Imports
Feminism
General International Relations
Global Issues
Inflation
Land Resources and Property Rights
Low Income and Public Housing
Manufacturing and Industrial Production
Motor Traffic and Roads
Oil and Natural Gas
Outsourcing and Immigration
Protest Movements
Regional Political Affairs: East Asia and the Pacific
Regional Political Affairs: Russia and the Former Soviet Union
Regulation and Deregulation
Renewable Energy Resources and Alternative Fuels
Small Business
Space Sciences and Exploration
United Nations
Workplace Safety and Worker's Compensation