As prime minister, expect Modi to continue to pursue his area of expertise: rooting out administrative inefficiencies. These changes could lead to more pragmatic and business-friendly policies, such as streamlined approvals for infrastructure projects.
Whether Modi would tackle India's extensive subsidy programs, pass the goods and services tax, and undertake other measures that economists recommend to ensure macro stability is less certain, says Arvind Subramanian, a senior fellow at the Peterson Institute for International Economics.