Eurasia Group, one of the world’s best political risk consultancies on Wednesday declared India the fifth-biggest geopolitical risk of 2020. Considered as one of the geopolitical indicators among global financial and business consultancies, Eurasia’s year list came as an expected one while the country is ablaze with a series of protests.
Ian Bremmer, the president and Cliff Kupchan, the Chairman of Eurasia Group penned down the analysis titled ‘India gets Modi-fied’, which stated Prime Minister Modi as “Divider-in-Chief”. “Prime Minister Narendra Modi has spent much of his second term promoting controversial social policies at the expense of an economic agenda. The impacts will be felt in 2020, with intensified communal and sectarian instability, as well as foreign policy and economic setbacks,” read the report.
Bremmer and Kupchan also opined that-“India’s fiscal situation is also precarious, as the government faces a widening fiscal deficit, marked by the underperformance of the goods and services tax. A weakened economy will, in turn, feed further economic nationalism and protectionism, weighing on India’s troubled course in 2020.” The US elections and the consequences followed by topped the list followed by the US-China technology tug of war on 5G and the trade war between Beijing and Washington.