Tag Archives: Narendra Modi

Tom Arms’ World Review

United States

The Kamala Harris bandwagon continues to gather momentum. Going into this week’s Democratic National Convention “The Economist” poll tracker put her three points ahead nationally. The convention dividend should add another two to three points easily.

Kamala’s rapid rise, however, has less to do with her policies and more to do with vibes. Her main attributes are that she is younger than Joe Biden, pro-abortion and anti-Trump, which, for the Democrats, is more than enough.

In her 40-minute conference speech a few foreign policy hints slipped out. On the Middle East she supports Israel while sympathising and empathising with the Palestinians. On NATO she is pro-Alliance. As for Ukraine, she is anti-Putin and on China Kamala Harris remains a bit of a mystery.

Ms Harris’s recent speech in Philadelphia on Kamalanomics failed to impress the professionals. Her plans to end price gouging with federal regulations; raise child tax credits by $4,000 and hand-out $25,000 to first time home buyers, was derided by most economists as inflationary left-of-centre crowd-pleasing populism. It was not, however, as Trump claimed, communism.

Former prosecutor Kamala Harris is, however, proving adept at deflecting criticism; coming up with resonating slogans and landing punches. Two placards keep popping up at her rallies: “Freedom” and “We Will Not Go Back.”

The first encompasses a broad swathe of issues to include reproductive rights, racism, misogyny, health care, for the elderly, the electoral process, the rule of law, the constitution and democracy itself. All of which either have been, or are perceived to be, threatened by Donald Trump and his Republican acolytes.

“We Will Not Go Back” refers to the belief that Republicans want to turn the social clock back to the 1950s – perhaps even further – when Jim Crow ruled in the South and a woman’s place was in the home.

Trump is the master of the personal insult. Vice President Harris has fostered a unique method for countering them. She ignores them. Then she turns the debate on her opponent’s weaknesses. Project 2025, for instance, is a major embarrassment for the ex-president. He has repeatedly disavowed it. But Kamala Harris refuses to let it go.

Finally, there is the fact that Kamala Harris ticks almost every diversity box there is. She is a female, part-Asian, part-African all-American. Yet she rarely mentions her gender or mixed-race background. Perhaps it is time for Martin Luther King Jr’s dream. The dream that the day will come when a person will be judged not by the colour of their skin, but by the content of their character.

China and the United States

China appreciates Donald Trump. It is too much they say they like him. His threatened tariffs and bellicose rhetoric would undoubtedly put a strain on Sino-American relations.

But at the same time, the ex-president has shown little inclination to defend Taiwan and Trump’s transactional diplomacy could simplify relations. Most of all, Donald J. Trump is a known quantity.

Kamala Harris, on the other hand, is an unwelcome mystery.

For a start, Beijing is unhappy with the end of the battle of the geriatrics that a Trump-Biden race represented. The Chinese have their own problems with a perceived gerontocracy and Kamala Harris presents an unflattering contrast with 71-year-old Xi Jinping. Since Ms Harris emerged as the Democratic nominee, all hints of a Biden-Xi comparison have been erased from the Chinese internet.

Then there is the problem of racism and misogyny. At least America’s problem as portrayed by the Chinese Communist Party. In May Beijing published a report on human rights in America which said racism is getting worse and gender discrimination is “rampant”. Kamala Harris – in case you missed it – is female and of mixed Asian-African heritage.

It is expected that Kamala Harris’s China policy will largely be a re-run of Joe Biden’s. She will likely leave in place the tariffs imposed by her mentor and continue the commitment to defend Taiwan and attack China’s human rights record.

The choice of Tim Walz as Harris’s running-mate adds an interesting wrinkle to Sino-American relations in a possible Harris administration. He taught in China and has visited the country dozens of times. In contrast, Ms Harris has made only the rare visit to Asia.

This indicates that Walz may break with vice-presidential tradition and have a role to play as the administration’s point man on China. Republicans are ready for it. The Republican-controlled House of Representatives have already launched an investigation into Walz’s “longstanding and cosy relationship with China”.  Unfortunately for the conservatives they are unlikely to find skeleton’s in Walz’s Chinese wardrobe. His time in and out of Congress has been marked by repeated attack on Beijing’s human rights record, a fact that has not gone unnoticed by China’s state-controlled media.

Trump, on the other hand, is more concerned with trading rights than human rights. So, all things considered, Xi Jinping is likely to prefer Trump over Harris.

India

Last month Moscow. This week Kyiv. What is Indian Prime Minister Narendra Modi up to?

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Observations of an Expat: Modi – The Winner Loses

Narendra Modi won and lost India’s general election.

His Baharatiya Janata Party (BJP) lost its absolute majority in parliament. But with the help of 23 smaller parties has cobbled together a working coalition.

But more importantly, the BJP lost big in the expectation stakes. Modi’s party was predicted to romp home with 400-plus seats. This would have given the BJP the super majority it needed to complete the transformation of India from the world’s largest democracy to an autocratic Hindu nationalist nation.

As it is the BJP dropped from 303 to 240 seats. And, to add insult to injury, some of its biggest losses were in the BJP heartland of Uttar Pradesh.

Modi faces additional problems. A big chunk of his new coalition partners are secularists. They do not share his Hindu nationalist vision. This will make it difficult for 73-year-old Narendra Modi to achieve his goals in what is almost certain to be his third and final term as prime minister. And because Modi has stooped to cult politics to realise his ambitions, there is no BJP successor in sight.

Modi’s failed expectations has several causes. As usual, economic is near or at the top of the list. At a macro level India looks fantastic. GDP growth is an astonishing 8.4 percent a year.  There are 200 Indian billionaires, putting the sub-continent third behind the US and China. But trickledown economics have failed in India just like everywhere else. Twenty-two percent of Indians live below the world poverty line. The per capita income is $2,023 a year.

The number and quality of India’s higher education institutions has dramatically increased from 723 in 2014 to 1,113 in 2023. But so has youth unemployment figure at 23.22 percent. Many of the young people brandishing impressive university degrees have been forced to return to the countryside and poor paying agricultural jobs. So yes, there is a growing national pride. But its benefits are diluted by growing inequalities.

Another problem is the caste system which has inflicted Indian society for centuries. The British colonials imposed an affirmative action programme which was later enshrined in the Indian constitution. This provided a guaranteed quota in parliament, jobs, education and other sectors for the Dalits (untouchables), other low castes and minorities such as Christians, Muslims and Anglo-Indians.

The problem was that no one knew for certain the size of the pool of Dalits in order to calculate a reasonable quota. This is because that there had been no caste census since before independence in 1947. Last September, however, there was just such a census in the Bihar state. It revealed that the size of the Dalit caste was much larger – and thus more of a problem – than expected.

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Tom Arms’ World Review

India

Indian Prime Minister Narendra Modi has kicked off his election campaign with a prayer. And it was a prayer in the most controversial ethno-religious setting that he could find, thus further strengthening his ethno-religious claim to be the standard bearer of Hindu Nationalism.

The setting was the consecration of a partially-constructed Hindu temple in the town of Ayodha. It was controversial because the temple is being built on the site of a 16th century Muslim mosque which was torn down by Hindu nationalist rioters in 1992.

The destruction of the mosque led to nationwide religious riots which left 2,000 dead, most of them Muslims.

The Hindus tore down the mosque because they believed that it was built on the birthplace of Lord Ram, the chief deity in the Hindu pantheon of gods.

Modi made it one of his key election pledges that a Hindu temple dedicated to Lord Ram would be built on the site of the former mosque.

And to insure the maximum political return, Modi pulled out all the stops for the consecration of the temple and placed himself at centre stage. For a start, the Indian Prime Minister dressed in the saffron robes of a Hindu monk and publicly fasted for five days before the consecration.

Then he invited every possible Bollywood star, businessman and politician – except Muslims and the opposition Congress I Party – to the consecration.

A military helicopter was ordered to fly overheard during the consecration ceremony showering flower petals on the crowd. Modi, of course, led the prayers.

Jawaharlal Nehru, India’s first prime minister, was immensely proud of the fact that the Indian constitution declared India a secular nation. Modi is doing his best to reverse that.

NATO

NATO this week launched its biggest European military manoeuvres since the end of the Cold War.

Codenamed Exercise Steadfast Defender it involves 91,000 service personnel from 31 NATO countries and Sweden. It is the first time Finland will be participating as a full member of the Alliance.

Sweden’s NATO membership was finally approved by Turkey this week and is expected to get the final nod from the Hungarian parliament next month.

Steadfast Defender is meant to demonstrate NATO – and especially American – commitment to the defense of Europe. It involves all three branches of the military – army, navy and air force – and will focus on moving troops as fast as possible into the new frontline states of Finland, Estonia, Lithuania, Latvia, Bulgaria, Greece, Poland and Slovakia.

The Russians have lodged the usual protests, but more importantly they have used their bases in Kaliningrad to jam military GPS devices in the Baltic Region.

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Observations of an expat: The Adani scandal

The Adani scandal is big. It is big because it involves hundreds of billions of dollars; valuable and important infrastructure throughout Asia and could potentially suck in the government the government of Indian Prime Minister Narendra Modi.

First of all, who are the key players in this saga? They are the Adani Group’s founder Gautam Adani, Nate Anderson of Hindenburg Research and Prime Minister Modi.  Last week, Adani, was the third richest man in the world. Today he is the 15th richest following the damning report by Hindenburg.

The Indian tycoon was a school dropout who started his business career in Mumbai as a diamond trader. But he soon moved back to his home state of Gujarat (where Modi was chief minister) and switched to commodities trading. Using Gujarat as his base, Adani established a business empire that includes India’s largest cement company, 13 ports, seven airports, six power stations and much more. The Adani Group even runs its own private railway and electricity supply.

Adani has 23,000 employees and ten days ago the conglomerate had a market capitalisation of $230 billion. At the end of this week it was $120 billion and falling.

Now, who is Nate or Nathaniel Anderson? He is a former New York trader who founded Hindenburg Research with the aim of blowing the whistle on corporate fraud.  Hindenburg forensic accounting techniques and good old detective work to uncover corporate fraud and corruption. It analyses public records, internal corporate documents and conducts confidential interviews with whistle blowing employees.  Most of their investigations take about six months. The Adani analysis lasted two years.

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