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In charts: how India has changed under Narendra Modi

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In charts: how India has changed under Narendra Modi

In last year’s Independence Day speech at the Red Fort in Delhi, Narendra Modi made a bold pledge: India would become a developed economy by 2047, when it celebrates 100 years since its founding. The country had three things in its favour, the prime minister declared: “demography, democracy and diversity”.

The vow would have seemed implausible a decade ago. In 2013, the year before Modi took power, India was identified by Morgan Stanley among a group of vulnerable emerging-market economies, dubbed the “Fragile Five” for their reliance on foreign capital to fuel their economies and, in many cases, big current account deficits.

Ten years later, Modi’s India is firmly in the sights of international investors, consultants and trading partners as one of the world’s fastest-growing big economies and a critical “China plus one” destination for companies seeking to reduce their exposure to political currents in Beijing.

In India’s upcoming national election, expected between April and May, Modi will make much of his Bharatiya Janata party’s economic record during its 10 years in government, touting its successes in delivering growth, reducing poverty and building infrastructure including airports, railways and roads.

But what do the numbers show?

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The Financial Times has analysed official data for gross domestic product growth, unemployment and poverty reduction, as well as indicators tracking job creation and employment, examining how they have performed in absolute terms and comparatively against other countries in some cases.

India’s statistics are in many cases deficient — the country has not held a census since 2011, for example — or in dispute, as in the case of unemployment data, but the numbers point to some clear trends.

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During Modi’s two terms in office, India has on average been one of the fastest-growing large economies. Between 2014 and 2022, GDP grew at an average of 5.6 per cent in compound annual growth rate terms. An average of 14 other large developing economies had a CAGR of 3.8 per cent over the same period.

But India’s growth rate was even higher from 2000 to 2010, at more than 6 per cent on average. Economists said India’s economy would need to grow faster than its current 6-7 per cent rate in order to absorb a growing number of entrants into the workforce and meet Modi’s goal of reaching developed country status by 2047.

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India is the poorest among the Brics nations, said Raghuram Rajan, professor of finance at the University of Chicago Booth School of Business and a former Reserve Bank of India governor, referring to the grouping that also includes Brazil, Russia, China and South Africa. It also “has a much longer distance of travel before it reaches their level of per capita income”, he said. “Growth has been good, but it has to be set in perspective.”

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Extreme poverty has continued to fall since Modi took power. The share of India’s population living in extreme poverty has fallen from 18.7 per cent in 2015 to 12 per cent in 2021, according to World Bank data. Urban and rural regions both registered a drop in the share of people living below the international poverty line of $2.15 a day.

These gains are partly thanks to generous social transfers to the poorest under Modi’s government. In November, India extended one of the biggest such schemes, launched during the Covid-19 pandemic, under which more than 813mn people, or more than half of the population, benefit from free food grains for another five years.

“The emphasis of this government has been on efficient delivery of a lot of welfare schemes,” said Krishnamurthy Subramanian, executive director at the IMF and a former chief economic adviser to the Modi government.

Its use of technology, including the creation of more than 500mn bank accounts for the poor, linked with biometric identification via India’s digital ID system Aadhaar, has “helped direct welfare transfers precisely to the beneficiaries and eliminate pilferage to middlemen”, he added.

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Rapid economic growth has opened the door to the middle class for tens — by some measures hundreds — of millions of Indians over the past decade.

According to data from household surveys conducted by People Research on India’s Consumer Economy, an Udaipur-based non-profit think-tank, the middle class — comprising people with annual family income of Rs500,000-Rs3mn ($6,700-$40,000 at 2020-21 prices) — has been among the fastest-growing income groups since Modi took power in 2014.

“The top income segment — the rich — has soared from 30mn to 90mn, while 520mn are middle class currently, up from 300mn in 2014,” said Rajesh Shukla, the think-tank’s managing director and chief executive.

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Since Modi took power, his government has taken steps to improve public health and hygiene, including a nationwide campaign to build public toilets. Infant mortality has also fallen steadily, though the improvement predates Modi’s time in office. As of 2020, India’s infant mortality rate was lower than South Africa’s.

While the Modi government has presided over a period of mostly high growth, the economy has failed to create enough jobs. Unemployment — which has especially hit the country’s youth, the world’s largest population of young people — figured prominently in hard-fought state elections in 2023 and will be a point of attack for Modi’s opponents in this year’s election for the lower house of parliament.

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The jobless rate has barely budged during Modi’s time in office and exceeded 10 per cent in October for the first time since the pandemic, according to the Centre for Monitoring Indian Economy, which produces India’s most-cited unemployment figures. Among young people aged 15-34, the CMIE figures are even worse: unemployment in that group stood at 45.4 per cent in 2023.

Some economists — as well as the Modi government itself — say the CMIE data is inadequate and prefer to cite unemployment figures gathered by India’s statistics ministry in its Periodic Labour Force Survey, which show a decline in jobless rates.

But in a country where millions work in menial or low-quality jobs, other analysts say India’s unemployment numbers cannot be trusted at all. Ashoka Mody, visiting professor of international economic policy at Princeton University and author of the scathing economic history India Is Broken, calls the official unemployment numbers “a meaningless statistic in the Indian context”, arguing that it hides a bigger problem of underemployment.

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Women account for a smaller percentage of the labour force than when Modi took power in 2014. India’s female labour force participation rate fell from 25 per cent in 2014 to 24 per cent in 2022, lower than regional neighbours Bangladesh, Sri Lanka and Pakistan.

Economists have said getting more women into work would boost India’s growth — by up to 1.5 per cent, according to one World Bank estimate — but safety issues and social pressure prevent many from doing so.

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“One problem is the availability of jobs, and the availability of jobs where women feel safe outside the home,” said Swati Narayan, associate professor at OP Jindal Global University and author of Unequal, a book about why India lags behind its south Asian neighbours in social and economic development. “In India, there are a lot of taboos about women going outside to work.”

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Spending on roads, railways and other infrastructure has surged under Modi and has been an engine of economic growth. India plans to spend Rs5tn, or 1.7 per cent of GDP, on capital expenditure for building roads and railways, up from 0.4 per cent of GDP in 2014, according to calculations based on the FT’s analysis of Union Budget data.

Data compiled by CMIE also point to a construction boom since Modi took office, with India adding more than 10,000km of roads each year since 2018.

“This is something that this government has done very well — lots of road and rail network construction,” said Rajan at the University of Chicago.

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India has boasted of its success in bringing nearly 1bn people online, promoting its public digital infrastructure as a model for other developing countries.

The Aadhaar system of digital IDs began under Modi’s predecessors in a Congress-led government but has been brought to life during his tenure and parlayed into a full-fledged digital payments ecosystem, dubbed the India Stack. 

The drive to bring more Indians online was supported by a proliferation of cheap, mostly made-in-India smartphones, which more than 60 per cent of Indians now carry. According to India’s government, the value of digital transactions has grown 70 per cent over the past five years, from Rs1,962tn in the 2017-18 fiscal year to Rs3,355tn in 2022-23.

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India prides itself on its globally connected information technology sector, with a host of domestic and foreign companies clustered in southern India, especially around Bengaluru and Hyderabad, making the country the “back office of the world”.

But India is falling short on research and development spending. Its share of the economy has dropped under Modi to less than 0.7 per cent of GDP, a lower rate than that of any other Brics country and far below the roughly 5 per cent of GDP spent by some of the world’s biggest R&D centres, led by South Korea and Israel.

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While many economic indicators have improved, democracy watchdog groups have downgraded India’s rankings on basic freedoms over the past 10 years.

The BBC’s India head office and Indian news website NewsClick were raided in 2023, and journalists from other organisations have faced criminal charges or jail time in what watchdog groups describe as a crackdown on free expression.

India’s press freedom ranking according to Reporters Without Borders (RSF) dropped to 161 in 2023, down from 140 in 2014 and only three places higher than Russia, which unlike India cannot credibly claim to be a democracy.

Defenders of the Modi government’s record have questioned the reliability of rankings on human rights and civil liberties compiled by RSF, Freedom House and other groups, while some Indian civil society groups have argued that a free press — including an independent business press — is crucial not just to protecting Indian democracy but its economy, too.

“The reason you move to ‘China plus one’ is because of the undemocratic and opaque power structure in China,” said Yamini Aiyar, chief executive of the Centre for Policy Research think-tank. “If India loses this piece, it will have huge repercussions in the long run.”

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The Long Goodbye: A California Couple Self-Deports to Mexico

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The Long Goodbye: A California Couple Self-Deports to Mexico

Enrique Castillejos and his wife stopped at a Winchell’s Donut House. It was part of their after-church routine on Friday nights.

That evening’s sermon had been about finding peace in God in turbulent times, and they felt it spoke directly to them. Enrique, 63, and his wife, Maria Elena Hernandez, 55, were undocumented immigrants. Like millions of others in Southern California, they had been looking over their shoulders as federal agents conducted immigration sweeps.

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Freedom, they felt, had become impossible in the land of the free. They had made a decision: Leave America and move back to Mexico.

The process has the sterile, bureaucratic name of self-deportation. For Enrique and Maria Elena, it resembled a long, slow-motion goodbye. It took an emotional, spiritual and logistical toll on everyone around them, including their three children and two grandchildren. They had to decide what to do with their old, beloved dog and their trucking business. They had to suddenly cut ties with their church and their neighbors. Visitors bearing gifts dropped by unannounced.

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Maria Elena had suggested to Enrique that he leave for Mexico first, while she waited for her broken foot to heal. “No,” she recalled Enrique telling her. “Together we came and together we go.”

Their decision to go came long before the Trump administration’s crackdown in Minneapolis, and long before federal operations intensified in their own San Bernardino County neighborhood. Returning to Mexico had always been in the cards. But they had wanted to go on their own terms, retiring there someday. The Trump administration’s crackdown had prompted them to make that “someday” now.

The couple’s departure hit the family hard. They watch the news now with conflicting emotions, as Enrique and Maria Elena start their lives over in Mexico and their adult children struggle to carry on without them. None of the couple’s friends or relatives tried to change their minds, and there were few heated debates over the decision. In their community, the federal immigration raids made such an extreme move seem entirely reasonable.

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“It’s a mixture of all those feelings — being grateful for knowing that they’re safe, and at the same time, hating that this is the way it has to be,” said Lizbeth Castillejos, 29, the couple’s oldest daughter.

Back at the coffee shop, Maria Elena and Enrique could feel the clock tick. It was Aug. 8. They had just two weeks left. Their nearly 30 years in the United States were coming to an end.

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“Ya casi,” Enrique told her: Almost time.

Maria Elena set down her coffee cup. “Ya casi,” she repeated.

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Maria Elena had to squeeze her belongings into just a few suitcases. She insisted on taking a little piece of home with her: her curtains.

Some were thin and delicate, others thick to dampen sound. Gold, red, green — a color for every season. They had rented the house in Bloomington, an unincorporated community some 50 miles east of Los Angeles, for more than 10 years. It was semirural, with dirt sidewalks and residents on horseback. Outside, Enrique kept chickens in the backyard. Inside, Maria Elena had her curtains.

To make room in the luggage for them, Maria Elena took out all the socks. Her younger daughter, Helen, 23, a schoolteacher, told her not to worry because they could get new things in Mexico.

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Eventually, Maria Elena gave up. Leaving America meant leaving her curtains, too.

It was lunchtime. Maria Elena and Enrique had just sat down at the kitchen table, plates of bistec, white rice, black beans and diced cactus spread out before them.

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There was a sudden pounding at the door. For a moment, the conversation grew quiet.

For months, masked immigration agents had seemed to appear everywhere in Southern California, and fear gripped entire communities. Except for doctor’s appointments for her broken foot and strategically timed trips to the market, Maria Elena had stopped leaving the house.

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One day, Enrique had called his daughter Lizbeth, who works for a local immigrant rights group. A white sedan was tailing him. He thought it might be ICE.

Nothing had come of it, but it was another sign that life as they knew it in the United States was over.

They were afraid of being picked up by agents, not so much because of the threat of deportation but because of the uncertainty of detention. One goal of the Trump administration’s mass deportation campaign is to effectively scare people into self-deporting while dangling financial incentives to leave. Enrique and Maria Elena had decided not to accept the administration’s offer of $1,000 and a flight home to migrants who deport themselves because they did not trust the government to honor the arrangement.

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Ultimately, there had been no dramatic incident that spurred their departure; they had simply grown weary, day after day, of watching their world shrink to fit only the bounds of their home.

“He said he would go after criminals, and we don’t consider ourselves criminals,” Maria Elena said of the president, adding, “We consider ourselves working people. It turns out, for him, we’re all criminals.”

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Although they were living in America illegally, the couple saw no contradiction in that: Undocumented immigrants were part of the fabric of everyday life in Southern California. Over time, it didn’t seem especially risky.

Still, they expressed regret that they had never obtained legal status. In 2006, Maria Elena and her children had joined protests in Los Angeles demanding amnesty for undocumented immigrants. The family had also discussed another pathway: If one of their children joined the military, Maria Elena and Enrique could get the right to stay. Each of their three children had seriously considered signing up when they turned 18. But the couple never wanted their children to set aside their dreams and careers for their parents.

Were immigration agents now at the front door? Responding to the pounding, Enrique and Maria Elena’s son, Joaquin, 26, bolted to open it. It was their close friend, Kiké, dropping by to say hello.

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Everyone was anxious about Rex, the family’s scruffy 14-year-old dog. Maria Elena and Enrique had decided to put Rex down before they left. He was ailing, could hardly walk and was in constant pain.

Rex had seen Joaquin and Helen grow from children to adults. One day, when Joaquin was away in college, he learned his parents were giving the dog to a family friend because Rex had been killing chickens in the backyard. Joaquin raced home. He took Rex in himself.

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This time, Joaquin was not stepping in to save him. Everyone had agreed that Rex was suffering. Still, saying goodbye to the dog was like saying goodbye to a member of the family. Rex was a “constant,” as Helen put it, and those constants were ending as the family prepared for self-deportation.

“It needs to be done soon,” Helen told her dad over dinner as they discussed when to put down Rex. But she didn’t want it done this soon.

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“Right now, there’s too much loss,” she added. “I can’t do both.”

A nervous Enrique stood at the front of the church and clutched the microphone. He was telling the congregation, with Maria Elena standing at his side, that they were leaving for Mexico.

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To Enrique, it wasn’t so much the president’s will, but God’s.

He saw self-deportation as an opportunity to spread the word of God to his family back in his hometown of Mapastepec, near the plot of land in rural Chiapas where they had decided to move. He found comfort in Psalms 37, which says that God does not forsake those who believe.

Every Sunday, Enrique carried a composition book with notes on Scripture and a Bible with his name scrawled on the side. Maria Elena brought a tambourine for the hymns. And in the house, Enrique led prayers before meals.

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For Maria Elena, leaving the United States was a way for her to come clean with God. For years, the couple said, Enrique had been using another person’s identity — a common but illegal way for undocumented immigrants to get the paperwork they need to work in the country. They said that not long after arriving in the United States, a friend had helped Enrique use the identity of a Honduran who had work authorization. Last year, the Trump administration moved to end that type of work authorization, making it harder for Enrique to keep using that identity.

Guilt weighed on Maria Elena. “We got tired of living in a lie,” she said, adding, “We have to be good before God. You can’t be a child of God and lie with two names.”

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She already had a name for the plot of farmland awaiting them in their native Chiapas: Rancho La Promesa de Dios. God’s Promise Ranch.

At the church, a long line formed before them. For half an hour, one by one, congregants gave them tearful hugs.

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Michael, 2, bounced around the living room, his brightly colored toys scattered all over the tiled floor. Olivia, 4, was fixated on a cartoon on the television.

Maria Elena was on grandmother duty.

Grandma and Grandpa’s house was where the little ones learned Spanish, and where Enrique cut up fruit to feed them one piece at a time. It was days like these that the grandparents cherished. It was days like these that made Maria Elena cry.

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“It’s only when I look at my grandchildren and say to myself, ‘Who is going to take care of them?’”

Enrique grabbed his belongings from the old turquoise Toyota. His longtime friend who had dropped by to say hello that one day, Kiké, was there to pick it up. For Enrique, it meant the old clunker was one less thing he had to get rid of.

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Kiké and Enrique had much in common, including their names. Kiké is short for Enrique. The two men are from the same town in Mexico, and they ended up here in the same place in America.

Kiké was sad to see them go, but he, too, was contemplating leaving because of the Trump administration’s immigration crackdown.

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“A lot of fellow paisans are wanting to leave,” he said. “It doesn’t look like this thing is going to get resolved. It’s going from bad to worse.”

Each sibling took turns on the mic.

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It was Enrique and Maria Elena’s farewell party, at a nearby property. Earlier that day, the family had said goodbye to Rex before putting him down. At the party, a mariachi belted out Christian ballads. Butterflies — a symbol of migration — decorated a towering fruit spread.

Joaquin said he would miss the little things, like stopping by on his lunch break for his mom’s beans.

Helen, the youngest, talked about how there was always mom and dad. When her older siblings had moved out, she had remained. Now, for the first time, the unit of three — Helen, Maria Elena and Enrique — would be apart.

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Lizbeth tried to focus on the positive.

She said this was a fresh chapter. Their parents’ legacy in America would live on. Three college-educated children with dignified careers. And two grandchildren, one old enough to express her wish to spend every summer in Chiapas.

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On the party invitation cards Lizbeth had sent out weeks earlier, there was nothing that suggested the gravity of self-deportation. The occasion was simply titled “New Beginnings.”

It was Aug. 24. Sixteen days had passed since that stop at the donut shop after church.

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At the house in Bloomington, after instant coffee and pan dulce, the family huddled in the living room and bowed their heads. This was the day Maria Elena and Enrique were self-deporting.

“This morning, our father, we’re grateful to you because you have kept us here in this land, in this country for 29 years,” Enrique said. “And we thank you because you never abandoned us.”

Then they squeezed into the van and set course for the two-hour trip to the border crossing in San Diego.

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In the blink of an eye, as they crossed into Mexico, 29 years reset to zero. This was the couple’s first time returning to Mexico together. It was their home country, but a sense of wonder seemed to overtake Maria Elena and Enrique. They had entered the United States nearly three decades ago, crossing that same border on foot. They had initially intended to stay for a few years, save up money and return to Mexico, but after they had children, their plans changed.

“Saliendo del sueño Americano y ahora entramos al sueño Mexicano,” Maria Elena told her family in the van: Leaving the American dream and now entering the Mexican dream.

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A bright day greeted them in Tijuana as they strolled through downtown. Maria Elena ambled around on a scooter for her broken foot, feeling out of place. Joaquin put his arms around her, trying to cheer her up. They planned to stay at a relative’s house until their flight to Chiapas.

In the months to come, Maria Elena and Enrique would try to adjust to life in Mexico. They would stay with relatives, and make slow progress fixing up a small dwelling on their plot of land. They would find themselves at times overwhelmed and homesick.

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But before all of that, on this first bright day in Tijuana, Enrique pulled out his Mexican I.D. and smiled. It might have felt like any other family trip. The political forces and fears that had forced them to leave went unspoken.

After the siblings had dropped off their parents in Mexico and headed back home in the van, they felt a sense of optimism as they waited in the long line at the port of entry. Vendors selling churros, chips and religious ornaments paced between cars.

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Joaquin lamented that there was no time for a final Dodgers game with his dad or a family trip to the beach.

Lizbeth assured him there would plenty of memories for them to make in Chiapas.

Helen, the schoolteacher, was anxious to get home and prepare her lesson plan for the week. She read aloud a list her mom had given her. It had all of the things she had forgotten to pack but wanted from home the next time she saw them.

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“No. 1,” Helen read aloud in the van, “look for my earrings.”

Hours had passed when a customs agent finally waved them into the United States. Soon, everyone except the driver slipped into a slumber, and the road home was quiet.

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They slowly woke up as the car rolled up to the house in Bloomington.

Olivia, 4, realized she was at Grandma and Grandpa’s house. Then, it dawned on her. Grandma and Grandpa were not there. She cried out for them.

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The siblings embraced in the middle of the driveway. Their parents had once described what it felt like to leave life behind in America. They said it felt like a kind of death.

Lizbeth, surrounded that night with her loved ones on the driveway of her parents’ empty house, felt the same way, too. She called it grief.

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Nike faces federal probe over allegations of discrimination against white workers

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Nike faces federal probe over allegations of discrimination against white workers

The Nike logo appears above the post where it trades on the floor of the New York Stock Exchange, March 22, 2017.

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NEW YORK — The federal agency for protecting workers’ civil rights revealed Wednesday that it is investigating sportswear giant Nike for allegedly discriminating against white employees through its diversity policies.

The Equal Employment Opportunity Commission disclosed the investigation in a motion filed in Missouri federal court demanding that Nike fully comply with a subpoena for information.

The EEOC sought the company’s criteria for selecting employees for layoffs, how it tracks and uses worker race and ethnicity data, and information about programs which allegedly provided race-restricted mentoring, leadership, or career development opportunities, according to court documents.

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In a statement, Nike said the company has worked to cooperate with the EEOC and the subpoena “feels like a surprising and unusual escalation.”

“We have shared thousands of pages of information and detailed written responses to the EEOC’s inquiry and are in the process of providing additional information,” Nike said in a statement sent to The Associated Press.”

EEOC Chair Andrea Lucas has moved swiftly to target diversity and inclusion policies that she has long criticized as potentially discriminatory, tightly aligning the agency with one of President Donald Trump’s top priorities.

Nike appears to be the highest profile company the EEOC has targeted with a publicly confirmed, formal anti-DEI investigation. In November, the EEOC issued a similar subpoena against financial services provider Northwestern Mutual.

“When there are compelling indications, including corporate admissions in extensive public materials, that an employer’s Diversity, Equity and Inclusion-related programs may violate federal prohibitions against race discrimination or other forms of unlawful discrimination, the EEOC will take all necessary steps — including subpoena actions — to ensure the opportunity to fully and comprehensively investigate,” Lucas said in a statement.

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The disclosure comes two months after Lucas posted a social media call-out urging white men to come forward if they have experienced race or sex discrimination at work. The post urged eligible workers to reach out to the agency “as soon as possible” and referred users to the agency’s fact sheet on DEI-related discrimination.

The investigation against Nike, however, does not stem from any worker complaint against the company. Rather, Lucas filed her own complaint in May 2024 through a more rarely used tool known as a commissioner’s charge, according to the court documents. Her charge came just months after America First Legal, a conservative legal group founded by top Trump adviser Stephen Miller, sent the EEOC a letter outlining complaints against Nike and urging the agency to file a commissioner’s charge.

America First Legal has flooded the EEOC with similar letters in recent years urging investigations into the DEI practices of major U.S. companies. It is unclear how many other companies the EEOC may be targeting through such commissioner’s charges. The EEOC is prohibited from revealing any charge — by workers or commissioners — unless it results in fines, settlements, legal action or other such public actions.

Lucas’ charge, according to court filings, was based on Nike’s publicly shared information about its commitment to diversity, including statements from executives and proxy statements. The charge, for example, cited Nike’s publicly stated goal in 2021 of achieving 35% representation of racial and ethnic minorities in its corporate workforce by 2025.

Many U.S. companies made similar commitments in the wake of the widespread 2020 racial justice protests that followed the police killing of George Floyd, an unarmed Black man. Companies have said such commitments are not quotas but rather goals they hoped to achieve through methods such as widening recruitment efforts and rooting out any bias during hiring process.

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Under Title VII of the Civil Rights Act, employers are prohibited from using race as a criteria for hiring or other employment decisions. Lucas has long warned that many companies risk crossing that line through DEI efforts that would pressure managers to make race-based decisions.

In its statement, Nike said it follows “all applicable laws, including those that prohibit discrimination. We believe our programs and practices are consistent with those obligations and take these matters seriously.”

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Video: Fulton County in Georgia Demands Return of 2020 Election Materials

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Video: Fulton County in Georgia Demands Return of 2020 Election Materials

new video loaded: Fulton County in Georgia Demands Return of 2020 Election Materials

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Fulton County in Georgia Demands Return of 2020 Election Materials

Fulton County, Ga., filed a motion on Wednesday demanding the return of ballots and other election materials that were seized by the F.B.I.

“We were given no notice whatsoever. They showed up and took the 700 boxes that they wanted. So what they’re doing with them now, we don’t know. Typically we’re given copies. We don’t even have copies of what they took. So it’s a problem. What are they doing with it? Where are they? Who has it? We don’t know.” “I want to see elections be honest, and if a state can’t run an election, I think the people behind me should do something about it. The federal government should get involved. These are agents of the federal government — to count the votes. If they can’t count the votes legally and honestly, then somebody else should take over.” “The president himself has mentioned some 15-plus other states where he believes that there are problems. That’s why I say that this is a very complicated situation and has implications far beyond Fulton County, Ga. We will fight using all resources against those who seek to take over our elections. Our Constitution itself is at stake in this fight. Thank you very much.”

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Fulton County, Ga., filed a motion on Wednesday demanding the return of ballots and other election materials that were seized by the F.B.I.

By Meg Felling

February 4, 2026

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