India’s Welfare Balm
Indian economists and commentators expected economic growth to skyrocket once the pandemic was over, but it seems that the predicted boom has already fizzled. While one might expect Indians to be angry at their political leaders, there is a good reason why Prime Minister Narendra Modi’s government remains popular.
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PROVIDENCE – During the height of the COVID-19 pandemic, many Indian economists and commentators believed the economy would skyrocket as soon as life returned to normal. But, despite the country’s robust recovery in the two years since the pandemic’s peak, the predicted boom has not materialized, nor does it seem imminent.