Did India's Modi fulfil his economic promises?

Young people voted for Modi in droves in 2014 after he said he would create 10 million jobs a year.Many, however, have been left disappointed -- and jobless.

While Modi has been widely credited with ending a culture of crony capitalism throughout government his overall record on corruption is mixed.He has been lauded for toughening anti-corruption laws, including one outlawing"benami" property, where owners purchase real estate through third parties to hide money.

Modi said"demonetisation" would root out illegal money but almost all notes returned to the banking system, while the move caused untold suffering to millions of poor who operate outside of India's formal economy.Modi promised to boost foreign investment by making it easier for companies abroad to do business in India.

Investors have expressed concern about recent protectionist measures in e-commerce though. The government announced surprise restrictions in December that would limit how companies like Amazon and Walmart could operate. First proposed in 2006, it got the backing of most economists as being long overdue and was hailed as the biggest tax reform since independence.It has been credited with helping India soar up the World Bank's"ease of doing business ranking", with the institution saying India had jumped 23 places to 77th position between 2017 and 2018.

Ooh yes ,India’s economic recovery is a god story!

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