Sign up for our newsletter: GZERO Daily

{{ subpage.title }}

Paige Fusco

The Graphic Truth: The age of Modi

India, now the fastest-growing major economy on the planet, is expected to become the world’s third-largest by 2027. But this wasn’t always the case. After independence in 1948, India’s closed markets and notoriously red-taped “License Raj” kept growth and foreign investment at bay until financial reforms were passed in 1991. From thereon, growth has accelerated. Despite a change of hands between the two major parties — the Congress and the BJP — financial and market reforms have continued consistently without any significant rollbacks. Today, PM Narendra Modi continues previously planned policies of privatization and digitization, with an emphasis on export incentives, to keep driving the Indian economy moving forward. The lesson? Consistency is key. We explore the big milestones and hiccups in the last 30 years of Indian economic growth.

Why (and Where) Universal Basic Income Is Becoming More Popular | GZERO World

Why (and where) Universal Basic Income is becoming more popular

Long before Andrew Yang launched his scrappy 2020 presidential campaign, Universal Basic Income (UBI), the idea that the government provides every adult citizen with a set amount of cash on a regular basis (no strings attached), has been growing in popularity. And it's not just "talk" at this point. A few countries like Kenya, Finland and even Iran have launched nationwide unconditional cash transfer programs, and many others have launched smaller-scale programs. 54% of Americans oppose a UBI program, according to a 2020 PEW study. Unsurprisingly, most Democrats support it and most Republicans oppose it…many saying a UBI would discourage people from looking for jobs. But worldwide, the coronavirus pandemic has only supercharged the UBI movement, as it further widened the chasm of global economic inequality.

Watch the episode of GZERO World with Ian Bremmer: Is modern society broken?

Subscribe to our free newsletter, GZERO Daily

Latest