India’s Investment Anemia
When Narendra Modi became India’s prime minister 18 months ago, his huge electoral victory brought sky-high expectations that the country's economy, unshackled from the indecisiveness of the previous Congress-led government, would soar. Yet, as 2015 came to a close, the Indian economy was hardly flying high.
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CAMBRIDGE, MASS – It has been 18 months since Narendra Modi became India’s prime minister, following his Bharatiya Janata Party’s historic general-election triumph. The BJP’s overwhelming victory brought sky-high expectations that India’s economy, unshackled from the indecisiveness of the previous Congress-led government, would soar. Yet, as 2015 came to a close, the Indian economy was hardly flying high.