INDIA'S Covid-19 cases continue to climb, even as the economy tanks. China is pressing forward on the two countries' disputed Himalayan border, where dozens of Indian soldiers have been killed. Tax revenues have plummeted, state governments are unhappy and 21 million of India's rare salaried jobs vanished in the past few months.
Modi seems to understand something that the others do not about the relationship between a populist leader and voters. When Modi, with just a few hours' notice, withdrew 86% of India's currency in November 2016, it was unquestionably a disaster. People lost jobs and livelihoods, economic growth was mortally injured and, given that all the money eventually returned to circulation, none of the exercise's goals were actually met.
Political scientists Rikhil Bhavnani and Mark Copelovitch discovered that, in fact, Modi's party did relatively better in those areas where people were hurt the most by demonetisation. Apparently, the worse the medicine tastes, the more the doctor must care about the disease and want to cure it.When Modi shut down the Indian economy in March in response to Covid-19's arrival on its shores, he did so relatively early. India's was also perhaps the most draconian such shutdown globally.
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