Modi and investment

 [[{“value”:”Yes, India is doing well but the picture could be much better: During Modi’s tenure, GFCF [gross fixed capital formation] as a percentage of GDP declined and has remained low until the post-pandemic recovery. In fact the highest level of GFCF as a percentage of GDP during the first nine years of Modi’s leadership is
The post Modi and investment appeared first on Marginal REVOLUTION.”}]] 

Yes, India is doing well but the picture could be much better:

During Modi’s tenure, GFCF [gross fixed capital formation] as a percentage of GDP declined and has remained low until the post-pandemic recovery. In fact the highest level of GFCF as a percentage of GDP during the first nine years of Modi’s leadership is lower than the lowest level in PM Singh’s tenure.

Here is more from Shruti.

The post Modi and investment appeared first on Marginal REVOLUTION.

 Economics, Law