The Indian economy is gathering momentum
But there are also mounting pressures on inflation and the trade deficit
The latest economic data released last week by the bean counters in New Delhi should be a relief for the Narendra Modi government, especially since it was followed a few days later by historic political wins in North East India. These tailwinds cannot harm the incumbent regime in the months leading to the next general election—even though political outcomes are never simple extrapolations of economic trends.
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