Economics
Modi and Jokowi Seek to Revive Their Plans for Economic Reform
- Indian stocks, currency and bonds have outperformed Indonesia
- Jokowi has more power than Modi to effect change: Nomura
Narendra Modi, India's prime minister.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Two years back, they were the most promising leaders in Asia, set to revamp a pair of perennial underperformers that account for a fifth of the world’s population.
Now Indian Prime Minister Narendra Modi and Indonesia President Joko Widodo, known as Jokowi, are seeking to revive momentum for reform plans that got derailed in the wake of watershed election victories. For investors, while Modi has been the better bet so far, it’s hard to see who has the better chance at success.