Advisers to India's Modi dream of a Thatcherite revolution




 
--
Advisers to India's Modi dream of a Thatcherite revolution
 
April 6th, 2014  
News Manager
 

Topic: Advisers to India's Modi dream of a Thatcherite revolution


Advisers to India's Modi dream of a Thatcherite revolution
By Frank Jack Daniel and Rajesh Kumar Singh NEW DELHI (Reuters) - When Indian opposition leader Narendra Modi gave a speech on the virtues of smaller government and privatization on April 8 last year, supporters called him an ideological heir to former British Prime Minister Margaret Thatcher, who died that day. Modi, favorite to form India's next government after elections starting on Monday, has yet to unveil any detailed economic plans but it is clear that some of his closest advisers and campaign managers have a Thatcherite ambition for him. "If you define Thatcherism as less government, free enterprise, then there is no difference between Modi-nomics and Thatcherism," said Deepak Kanth, a London-based banker now collecting funds as a volunteer for Modi's Bharatiya Janata Party (BJP). "What Thatcher did with financial market reforms, you can expect a similar thing with infrastructure in India under Modi," he said, referring to Thatcher's trademark "Big Bang" of sudden financial deregulation in 1986.




More...
 


Similar Topics
Rifts exposed as Modi chosen to lead India's opposition party
India's Modi looks set to win state poll, may boost PM ambitions
understanding between china and india
"'Cultural Marxism' at the U.S. Naval Academy"