The election in May 2014 of a new government in India raised expectations around the world of the likelihood of far-reaching changes in India's economic and foreign policy orientation. This report examines both the promises and the concrete steps taken by Narendra Modi's government in the areas of: defense, education, energy, healthcare, innovation & IPR, labor, trade and investment.

Caption
The logo of Japan's largest steel manufacturer Nippon Steel corporation is seen in front of the company's head office in Tokyo on January 7, 2025. (David Marueil/ via Getty Images)