Modi Pledges $1.44 Trillion on Infrastructure in Re-Election Bid

  • Farmers income to double by 2022, villages to be electrified
  • Mission to improve ease of doing business, eliminate poverty
Modi has been trying to rebrand India as a modern economy. But, the reality doesn’t all match his rhetoric.  (Source: Bloomberg)
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Prime Minister Narendra Modi’s ruling Bharatiya Janata Party pledged to spend $1.44 trillion on infrastructure to boost the economy and raise living standards, in a bid to match its main rival’s populist promises.

The BJP, which is seeking to retain power in elections starting April 11, released its manifesto in New Delhi on Monday, reiterating its pledge to double farmers’ income by 2022, improve GDP share from manufacturing and double exports. It will also scrap Article 370 of the Indian Constitution which grants special concessions to the disputed state of Kashmir.