02 June 2019

Narendra Modi's Welfare Capitalism

India's economic models:
Period
Prime Minister
Economic Model
1991–1996
P V Narasimha Rao
Capitalism
1998–2004
A B Vajpayee
Capitalism
2004–2014
Manmohan Singh
Socialism
2014–2019
Narendra Modi
Welfare Capitalism
Welfare Capitalism = 50% free-market capitalism + 50% pro-poor welfare schemes

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