What Are the Biggest Challenges for India's Modi in His Second Term?

The video discusses Narendra Modi's mandate and the economic reforms expected in India. It highlights the challenges in the banking and agricultural sectors, the need for labor law reforms, and the importance of trade deals. The manufacturing sector's performance and the burden of non-performing loans on the banking system are also examined. The video concludes with the need for improved governance in state-owned banks to support economic growth.

What are some of the economic reforms mentioned in the first section?

• Introduction of a new currency

• Goods and Services Tax

• Privatization of all banks

• Abolition of income tax

What is a major challenge for India's manufacturing sector according to the second section?

• Over-reliance on agriculture

• Lack of skilled labor

• Weak private investment

• High import tariffs

Why has private investment been weak in India?

• Non-performing loans burdening the banking system

• Lack of government incentives

• High inflation rates

• Excessive foreign competition

What governance issue is highlighted in the third section regarding state-owned banks?

• Lack of digital infrastructure

• High employee turnover

• Patronage and favoritism

• Excessive foreign ownership

What fiscal challenge does the government face due to past policies?

• Non-performing loans from priority sector lending

• High inflation rates

• Decreasing tax revenues

• Increasing foreign debt