With Mandate From India’s Voters, Modi Promises Improved Economy Again

On Thursday, India’s newly re-elected prime minister, Narendra Modi, unveiled his priorities for his second term— and fixing the weakening economy was at the top of the list.

After a campaign that focused on Hindu nationalism and national security, the Modi government adopted a more inclusive tone, saying that it had been re-elected to continue the country’s economic development and improve the lives of all 1.3 billion Indians.

“Empowering every person in the country is the main goal of my government,” said Ram Nath Kovind, India’s largely ceremonial president, in a speech to parliament. The president is charged with conveying the administration’s agenda at the beginning of each new Parliament session.

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To the nation’s hard-hit farmers, the government promised about $359 billion in aid — a sum roughly equivalent to the country’s annual budget — over an unspecified period. Small traders and shopkeepers, it said, will get new government pensions, and small businesses of all sorts will get government loans to help them grow.

For poor women, a crucial constituency that voted heavily for Mr. Modi’s Bharatiya Janata Party, the government pledged to give them priority access to 20 million new homes that it plans to build over the next three years.

“The voters have given him another chance, but this time he will have to get down to addressing these basic economic issues,” said Arati Jerath, a columnist and political analyst in New Delhi. “The big gorilla in the room is employment, creating jobs. It’s been incredible just the past few weeks, downsizing across the board.”

Yet Mr. Modi’s economic agenda was notable for what it left out. The government offered more seats in schools to young people, but offered no substantive plan for finding employment for the hundreds of thousands of them who enter the job market every month.

India’s unemployment rate was 6.1 percent last year, the highest in 45 years, according to data the Modi administration suppresseduntil after the election. That went along with sluggish growth in gross domestic product, which slipped to a five-year low of 6.8 percent in 2018-19.

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