"India's Economy Under Modi: 5 Key Points to Understand" Narendra Modi is poised for a third term as India's prime minister with strong financial backing and support from the country's business elite. The economy has gained momentum in recent decades, becoming the world's fifth-largest, with potential to surpass Germany and Japan. Despite this growth, challenges persist, including a large agricultural workforce and income inequality. Modi's leadership has capitalized on geopolitical opportunities, such as the decline in oil prices and India's emergence as an alternative to China for global investors. Infrastructure development has been a visible success, but issues like inequality and data transparency remain unresolved.