Skip to main content

A missed opportunity

The monsoon session of parliament, which concluded last week, has ended up being one of the biggest disappointments of Prime Minister Modi’s tenure so far, with virtually no progress made on pushing through needed economic reforms. Admittedly, the failure was in large part due to protests held by opposition parties responding to a corruption scandal, which effectively triggered a parliamentary shutdown. But the ruling BJP itself boycotted parliament in previous years, most dramatically in 2010 and 2013, and so has arguably received a taste of its own medicine. What’s more, the BJP’s own dithering delayed the passage of amended land acquisition laws. With attention soon likely to turn towards the flurry of state elections scheduled for mid-2016, a big opportunity to push through difficult reforms has been missed. 

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.