Modi Means Business: Time Magazine


Listed below are sections from the article, copied verbatim:

"What's certain is that during his 10 years in power in Gujarat, the state has become India's most industrialized and business-friendly territory, having largely escaped the land conflicts and petty corruption that often paralyze growth elsewhere in the nation."

"Gujarat's $85 billion economy may not be the largest in India, but it has prospered without the benefit of natural resources, fertile farmland, a big population center like Mumbai or a lucrative high-tech hub like Bangalore. Gujarat's success, even Modi's detractors acknowledge, is a result of good planning — exactly what so much of India lacks."

"But when others think of someone who can bring India out of the mire of chronic corruption and inefficiency — of a firm, no-nonsense leader who will set the nation on a course of development that might finally put it on par with China — they think of Modi."

"Modi has set about revamping the state's economy by attracting high-value manufacturing companies, whose bosses are now among his staunchest backers."

"Modi took Gujarat's natural advantages - its long coastline, nonunionized labor force and a developable land bank of thousands of acres — and added the streamlined bureaucracy and reliable electricity supply that big industry craves. Today Gujarat is the only state in India where both big businesses and small farmers can expect an uninterrupted power supply for nearly 24 hours a day, with the premium rates paid by big business used to subsidize rural electrification."