India’s relatively weak state capacity has long hampered its development. Prime Minister Narendra Modi has been promising to address the problem since he came to power in 2014, but his government’s emphasis on centralizing power and strengthening executive control has had the opposite effect.
LIUZHOU, CHINA – JULY 25: Robotic arms assemble auto parts at the workshop of Guangxi Liuzhou Zhuotong Auto Parts Co., Ltd. on July 25, 2026 in Liuzhou, Guangxi Zhuang Autonomous Region of China. He Huawen | Visual China Group | Getty Images China’s industrial profits rose 15.1% in June from a year earlier, according to…
CANADA – 2026/06/23: In this photo illustration, the Grab logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Grab, Southeast Asia’s leading ride-hailing and delivery firm, raised its full-year outlook on Tuesday as it reported record second-quarter results, with resilient…
Smaller countries and tax havens dominate the Richest Top 10, but structural inequalities complicate the picture. What do people think of when they think about the world’s richest countries? And what comes to mind when they consider the smallest ones? Many of the planet’s wealthiest countries are also quite small. Nations such as Luxembourg, Switzerland,…
Mexico ministries investigate cyclospora linked to Mexican farm
Deutsche Bank’s Jim Reid notes that despite higher United States (US) Treasury yields and renewed speculation about a July Fed rate hike, US equities advanced, led by a strong recovery in chip stocks. The Philly Semiconductor Index posted its best daily performance in a month, lifting the S&P 500, while markets simultaneously priced a more…
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WASHINGTON, DC—Recent student-led protests, which forced Indian Prime Minister Narendra Modi’s typically unyielding regime to capitulate on key demands, dented Modi’s personal aura of power and exposed the limits of his government’s ability to curb dissent through heavy-handed repression. But the protests also exposed a broader and more prosaic characteristic of the Indian state: incompetence.