Indian economy crying for reforms. Will Modi reinvent himself and deliver?

Mismanagement at home and increasing protectionism abroad have ensured that India has dropped out of that group of fast-growing emerging economies

It’s now official: The Indian economy is suffering through a major slowdown, and one that shows no immediate sign of easing.

The only surprise is that the estimate for growth in gross domestic product last quarter isn’t even lower than the announced 4.5 per cent. When the Narendra Modi-led government presented its first budget after being re-elected, it expected growth in 2019-20 to be around 7 per cent. A few months later, the Reserve Bank of India slashed that to 6.1 per cent. It is hard, now, to see how even that rate — relatively slow by India’s past standards