Modi plans post-poll reforms to rival China

Indian Prime Minister Narendra Modi, if re-elected, plans to introduce business-friendly measures, aiming to make it easier to hire and fire workers and offering subsidies for domestic production. Modi aims to reduce import taxes on key inputs for locally-made goods to boost manufacturing. \r

Despite exit polls favoring his coalition, Modi's re-election campaign emphasizes continued economic development, positioning India as a manufacturing alternative to China. However, obstacles include restrictive labour laws, land acquisition challenges, and high import tariffs. Modi's past initiatives, like the Dholera Special Investment Region, mirror China's economic zone model. \r

Labour law reforms face opposition from unions and opposition parties, while high tariffs hinder competitiveness. To rival China's efficiency, India needs streamlined customs processes and supply chain integration, encouraging domestic production while maintaining global competitiveness.