(Community Matters) a Modi success in reforming and igniting India’s economy would reform history and reshape how our world works – the potential for 3 economic superpowers, finally. In the Economist:
THE most important change in the world over the past 30 years has been the rise of China. The increase in its average annual GDP per head from around $300 to $6,750 over the period has not just brought previously unimagined prosperity to hundreds of millions of people, but has also remade the world economy and geopolitics.
India’s GDP per head was the same as China’s three decades ago. It is now less than a quarter of the size.
Mr Modi, by contrast [to previous president, Mr Singh, a Gandhi family retainer], has huge authority, both within his party and in the country. The BJP’s victory owes something to good organisation but most to its leader’s appeal. Not since Indira Gandhi was assassinated in 1984 has India had such a powerful personality in charge.
Mr Modi has an outright majority—282 of the 543 elected seats in Parliament’s lower house. . . . [and] a mandate for economic reform.
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