Opinion | The secret to reviving India’s stuttering economy
Governance reform is as essential to strengthening India’s growth as economic reform
The elections are over. The victor has emerged. The return to power of Prime Minister Narendra Modi has sparked a buoyant rally in India’s stock markets, with the Sensex reaching record highs. This is likely rooted in the optimistic belief that Modi will act decisively to revitalize a stuttering economy. Or in the realistic belief that he represents the best hope for fiscally sustainable growth.