"Modi's Third Term: Ambitious Reforms to Boost India's Economy"

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Source: Reuters India
"Modi's Third Term: Ambitious Reforms to Boost India's Economy"
Photo: Reuters India
TL;DR Summary

Indian Prime Minister Narendra Modi plans to implement business-friendly reforms if re-elected, aiming to transform India into a global manufacturing hub. These measures include easing labor laws, offering subsidies for domestic production, and reducing import taxes. Modi's strategy is to position India as an alternative to China for global supply chains, but challenges such as restrictive labor laws, land acquisition issues, and high tariffs remain significant obstacles.

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