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An Economic Roadmap for India

NEW DELHI – India’s incoming prime minister, Narendra Modi, has promised to turn his country’s sluggish economy around. When asked recently about his reform plans, Modi responded that his roadmap was simply that “Our GDP should grow.” This seems like an obvious goal, but in recent years India appears to have been losing sight of it.

What will it take to return the Indian economy to sustainable growth? We believe that the following five simple facts about the Indian economy hold the key.