Narendra Modi’s one year ledger8 min read . Updated: 24 May 2015, 10:15 PM IST
The clarity of May 2014 is giving way to the doubts of May 2015
The National Democratic Alliance (NDA) government inherited an economy slowly recovering from crisis. It has since placed India’s economy on firmer footing while simultaneously implementing several reforms: transforming the Planning Commission, raising foreign direct investment (FDI) limits, conducting natural resource auctions, among others. However, one year in, poor credit and core sector growth, declining exports, a brewing crisis in agriculture, persistence of stalled projects, and tax troubles are cause for concern. India’s gross domestic product growth estimates are encouraging but, like the recovery, fragile.
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