Getting India Back on Track

August 05, 2014 13:45

"If his early months are an indication, such allusions already seem fanciful. Mr Modi's debut budget was cautious, verging on the underwhelming. He has demurred on potentially radical reforms, from bank privatisation to corporate tax reform. Last week, he single-handedly blocked a crucial global trade deal. Deeper confusions remain about his economic beliefs as well, which often appear to rest on little more than slight electoral slogans, such as "minimum government, maximum governance'."

Read the report on the Financial Times

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