Opinion | Modi’s approach to economics doesn’t tick any of the old boxes4 min read 04 Feb 2020, 10:11 PM IST
It is politics-cum-economics, with the key element being ideology-free opportunistic pragmatism
After eight budgets, including the “interim" one last February, and several major off-budget initiatives, this is probably as good a time as any to define Modinomics. Early expectations of Prime Minister Narendra Modi doing a Ronald Reagan or a Margaret Thatcher were clearly off the mark. But just as one was about to see Modi as a statist with little trust in business or markets, we have suddenly got big-bang moves in the form of massive corporate tax cuts and bold privatization moves.