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India and Japan With Different Sets of Problems

Two leaders with clear economic agendas to revive their country’s economic prospects, and stock markets riding high on waves of optimism.

It’s not too difficult to see the similarities between India’s Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe, but perhaps the links end there.

“Our view is that India and Japan face very different sets of problems, so ‘Modinomics’ and ‘Abenomics’ cannot be readily compared,” said Clem Miller, investment analyst with Wilmington Trust Investment Advisors in Baltimore, using the terms often used to describe the economic policies of Modi and Abe.

CNBC [1]

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