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Modi 2.0: Has the state turned from doer to enabler?

'Some parts of these policies will fail, but hopefully they signify a change in the right direction', says the author

PM Narendra Modi
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File Photo of Prime Minister Narendra Modi | Image: PIB India

Debashis Basu
In a series of steps, the Narendra Modi government is attempting to bolster economic growth by charting a new direction. This time it may perhaps work much better. In its new avatar, the government has turned into an enabler from being a doer earlier (which led to poor outcomes). Not all its new initiatives will work, but what is different this time is the approach of incentivising businesses (at least large businesses) to grow. Since it is obvious that efficient businesses alone create jobs and prosperity, one can look forward to higher growth rates if Modi 2.0 continues on the
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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