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The rise to power in May 2014 of a center-right, business-friendly government, led by Narendra Modi, was welcomed not only in India but around the world. Mr. Modi promised to rid the country of a burdensome bureaucracy created by India’s socialist legacy. His support for private enterprise and the promise of a no-nonsense style of governance was expected to bolster India’s economic growth, taking the rate of growth into double digits annually
The rise to power in May 2014 of a center-right, business-friendly government, led by Narendra Modi, was welcomed not only in India but around the world. Mr. Modi promised to rid the country of a burdensome bureaucracy created by India’s socialist legacy. His support for private enterprise and the promise of a no-nonsense style of governance was expected to bolster India’s economic growth, taking the rate of growth into double digits annually