Business Standard

Modi's world vs Manmohan's world: What makes things quite different now

For a prime minister who spent considerable time globe-trotting, Modi would be hoping that the world pays back when he wants it the most

Narendra Modi
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Prime Minister Narendra Modi and former prime minister Manmohan Singh exchange greetings during a ceremony to pay respects for the martyrs of 2001 Parliament attack, at Parliament House in New Delhi on Wednesday. Photo: PTI

Sai Manish New Delhi
In 2013, months before the Parliamentary election, one often heard a bad economy, policy paralysis and rampant corruption would be the Manmohan Singh government’s undoing. In 2018, months before yet another Parliamentary election, the rhetoric surrounding the Modi government is a bit different. There is no sign of policy paralysis or a corruption scandal capable of derailing Modi yet. The economy looks better than before. The world in which the Indian economy is trying to steam ahead, though, is radically different.  

If the International Monetary Fund’s (IMF) world economic outlook is anything to go by, the Indian economy would get

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