In 2013, months before the Parliamentary election, one often heard a bad economy, policy paralysis and rampant corruption would be the Manmohan Singh government’s undoing. In 2018, months before yet another Parliamentary election, the rhetoric surrounding the Modi government is a bit different. There is no sign of policy paralysis or a corruption scandal capable of derailing Modi yet. The economy looks better than before. The world in which the Indian economy is trying to steam ahead, though, is radically different.
If the International Monetary Fund’s (IMF) world economic outlook is anything to go by, the Indian economy would get