Modinomics at Two

I have a new article in Foreign Affairs that looks at Prime Minister Modi’s record in his first two years in office. The piece comes on the heels of the presentation of the BJP government’s third budget since coming into office. Here’s the punchline:

This week’s budget inches along in the right direction, but Modi must rediscover his voice if he is to preempt nationalist distractions and realize even its more modest economic vision.

Read it here