Inside the issue: April 2019
As India goes to the polls in April-May to elect a new government, we at Fortune India take a close look at some of the steps taken by the Narendra Modi government, the challenges that stare the economy in the face, and what the next government needs to do to ensure the economy is piloted to safety.
There have been some major reforms undertaken by the Modi government—the IBC and the implementation of the goods and services tax (GST) regime being the two most widely pointed out by corporate leaders—but much of the good work on the economy can end up being undone if the threats of farm distress and unemployment aren’t addressed on a war footing.
Add to that the absence of aggressive private sector investment, an uncertain global environment, and a weaker rupee and you have a situation where the next government could have to grapple with some major problems relating to the economy.
The corporate sector feels what is really needed is a kind of a booster dose for the economy, a mix of monetary and fiscal stimuli, along with the next set of reforms, to ensure economic activity is kickstarted once again. The next government which takes charge at the end of May will hold the key to what happens next. And it will need to act quickly.
The April 2019 issue is on stands now and available on Amazon.in.