The task to transform India is too much for PM Modi: The EconomistNew Delhi: Prime Minister Narendra Modi figures on the cover of The Economist in its latest issue. The Economist is a weekly newspaper focusing on international politics and business news and opinion.The article 'India's one-man
New Delhi: Prime Minister Narendra Modi figures on the cover of The Economist in its latest issue. The Economist is a weekly newspaper focusing on international politics and business news and opinion.
The article 'India's one-man band' describes Modi's measures taken to contain cost-inflation and inflation a huge success.
It also said that the country has a golden opportunity to transform itself.
"Mr Modi has concentrated more power in his own hands than any prime minister in recent memory. The problem is that India needs a transformation and the task is too much for a one-man band," says the article.
"Much has gone well, though serendipity shares the credit. Helped by oil prices, Mr Modi has presided over an improving economy. Inflation is down, interest rates are dropping, the rupee is stable, and fiscal and current-account deficits have shrunk. Official statisticians claim that India's growth, at 7.5%, outpaces China's meaning the country has the world's fastest-expanding large economy. Foreign direct investment is up. So are the prime minister's visits abroad, where he cuts an impressive figure," the article added.
The article further said that the government failed drastically to check religious strife and control the Hindu-extremist.
"This newspaper chose not to back Mr Modi in last year's elections because of his record on handling religious strife. Though he fails to control the Hindu-extremist bullies who back him, we are happy that our fears of grave communal violence have so far not been realised," it reads.
Earlier, the Prime Minister was figured on the cover page of renowned Time magazine which praised him for his development works in Gujarat.