Will Elections Revive India’s Economy?

After soaring in the middle of the last decade, India’s economy has struggled in recent years. The country’s GDP growth rate has declined from over 10% in 2010 to less than 5% in 2012 and 2013. At the same time the inflation rate has remained close to 10%. Many of the root causes of the economic woes are related to the government: the India suffers from poor infrastructure, stifling bureaucracy, and endemic corruption. Optimists therefore think that India’s election, which started last week and continues until May 12th, could be a turning point for the country’s economy.

Topics: Blog Narendra Modi Elections India