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Other Developments
A curated list of other prominent stories from this day.
10:00 PMBloomberg Markets
Modi’s Developed-Nation Dream Strains Against India’s Growth Gap
Summary
India likely grew by more than 7% in the latest quarter, keeping it among the world’s fastest-growing major economies. Yet that pace may not be sufficient to achieve Prime Minister Narendra Modi’s goal of transforming India into a developed nation.
The decisive gap is between strong headline growth and the much larger expansion needed to
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Why it matters
India’s growth rate may look exceptional globally while still falling short of the scale needed to deliver its development ambitions.
RSS chief’s visit to US denounced as ‘goodwill tour’ for Hindu nationalism
Summary
Activists have condemned the RSS chief’s US visit, arguing that Hindu nationalists are using outreach to the Indian diaspora to soften perceptions of their far-right politics. They say the tour presents ideological organizing as broad community engagement.
The dispute centers on whether diaspora outreach can legitimize or obscure the RSS’s Hindu nationalist
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Why it matters
The controversy shows how battles over India’s nationalist politics are increasingly being fought through diaspora networks abroad.
India’s prime minister has used an active year of international diplomacy to secure deals with partners around the world. The strategy reflects growing concern that the United States may be less dependable under Donald Trump.
India is reducing its exposure to shifts in U.S. policy by broadening its economic and
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Why it matters
India’s diversification could weaken Washington’s influence and reshape how major powers compete for New Delhi’s partnership.