Modi: Gut fürs Wachstum, schlecht für die liberale Demokratie
India has 149 airports, double the number a decade ago, and is adding 10,000km of roads and 15gw of solar-energy capacity a year. Some of this infrastructure is intangible, including digital payments, modern capital markets and banks, and a unified digital tax system. All this allows firms to exploit national economies of scale.
Yet although some big firms get favours, concentration in business is falling, corruption has waned and business boasts a rich diversity. A cross between a ceo and a populist, Mr Modi relishes PowerPoint presentations as much as rallies.
His Bharatiya Janata Party (bjp) has some talent and ideas but is mostly focused on ideology and Muslim-bashing. A rising illiberalism has curtailed political opposition and free speech.