An assessment of Modi’s economic policies (“Modinomics”) shows that the gap between intentions and outcomes remains wide because Modinomics has been too cautious and contradictory to overcome the unusual structural challenges facing India’s economy. Moreover, the contradictions of Modinomics, which privileges trade protectionism and selective financial-sector liberalization, limits the potential gains from deeper global economic integration. This article argues that deepening economic reforms, including integration into the global economy, can help mitigate the structural impediments facing the Indian economy.

中文翻译：

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印度的现代经济学

对莫迪经济政策（“莫迪经济学”）的评估表明，意图和结果之间的差距仍然很大，因为莫迪经济学过于谨慎和矛盾，无法克服印度经济面临的异常结构性挑战。此外，以贸易保护主义和选择性金融部门自由化为特权的 Modinomics 的矛盾限制了更深入的全球经济一体化的潜在收益。本文认为，深化经济改革，包括融入全球经济，有助于缓解印度经济面临的结构性障碍。