Opinion | Modi 2.0 should be about two ‘R’s: Reflation and reforms
A loosening of fiscal and monetary policies and some structural changes could boost the economy
If the results of the 2019 Lok Sabha elections confirm what most exit polls have indicated—a second term for the National Democratic Alliance (NDA) under Narendra Modi—attention must inevitably focus on the economy, which is showing signs of strain. But the key to economic success is effective political management of allies and opposition, regardless of whether the Bharatiya Janata Party (BJP) gets a majority on its own or not. Sullen allies are worse than strong critics.