Opinion | If it’s ‘the economy, stupid,’ why did Modi win?

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Opinion | If it’s ‘the economy, stupid,’ why did Modi win?
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Opinion: If it’s 'the economy, stupid,' why did Modi win?

Indian supporters of the Bharatiya Janata Party celebrate in Hyderabad on Friday. By Milan Vaishnav May 25 at 7:00 AM Milan Vaishnav is senior fellow and director of the South Asia Program at the Carnegie Endowment for International Peace. He is host of “Grand Tamasha,” a weekly podcast about Indian politics.

Five years ago, Modi campaigned on the promise of ushering in “acche din” for the Indian economy by generating millions of jobs, stimulating rapid growth and revitalizing India’s sluggish investment cycle. While Modi enacted several economic reforms — such as a nationwide sales tax and a new bankruptcy code to wind up failing businesses — large parts of his promised economic narrative never materialized.

In fact, the available evidence suggests that Modi’s poll numbers are far better than his own party’s: 32 percent of respondents to one post-election survey say that they would not have voted for the BJP alliance if Modi were not the prime ministerial candidate. The terrorist attack on Indian forces in the state of Jammu and Kashmir in mid-February and the government’s subsequent airstrikes on terrorist camps in Pakistan further fueled Modi’s stature, reinforcing the very characteristics that Modi often touts — leadership, decisiveness and muscularity.

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