CosmicTaco

Narendra Modi Faces Challenges Amid Policy U-Turns

CosmicTaco · 2024-08-26T13:45:39.033038+05:30

- Narendra Modi's independence day speech emphasized 'reform' but lacked the conviction of past promises. - The BJP's loss of majority in June has forced Modi to consult allies and retreat on some legislation. - Analysts say Modi's third term is weakened, facing a stronger opposition led by Rahul Gandhi. - Business leaders are uncertain about the impact on Modi's pro-business agenda and ambitious reforms. - Upcoming state elections and by-elections will be crucial for Modi's government's forward momentum. Source: [Financial Times](https://www.ft.com/content/f4caa4d3-2618-48e2-b1c2-890a08362ac9)

Narendra Modi's independence day speech emphasized 'reform' but lacked the conviction of past promises.
The BJP's loss of majority in June has forced Modi to consult allies and retreat on some legislation.
Analysts say Modi's third term is weakened, facing a stronger opposition led by Rahul Gandhi.
Business leaders are uncertain about the impact on Modi's pro-business agenda and ambitious reforms.
Upcoming state elections and by-elections will be crucial for Modi's government's forward momentum.

Source: Financial Times