Eighteen months into Narendra Modi’s government, things are looking up for India. Growth is quickening, inflation is under control, and reforms are coming through. Harnessing that momentum, however, remains a constant challenge, and India’s prime minister will need to work hard if he is to come close to meeting his grand ambitions. With growth back up above 7%, India has shrugged off the “fragile five” label that hammered its currency in 2013 and dodged a credit rating downgrade that would have put the sovereign in junk bond territory. Most...Read more