Narendra Modi will mark one year since his election to prime minister of India on Saturday (16 May) with the country's economic growth forecast to outstrip China's by the end of 2015, but how much of it is down to him?
The Hindu nationalist leader, elected to office in a landslide victory last year that all but wiped out the opposition Congress Party and Nehru-Gandhi dynasty, has been basking in praise in recent months.
On the face of it, the numbers are impressive.
In March, the IMF forecast that India will become the fastest growing emerging market in 2015 by notching up GDP growth of 7.2%, reversing years of sluggishness and leaving China trailing on 6.8%. Last month also saw Moody's raise India's credit rating outlook from stable to positive and talk up the possibility of an upgrade next year. To top it off, a survey of CEOs by consultancy giant PwC found Indian bosses to be the most optimistic in the world.
Despite this, some investors are unimpressed. Full story...
Related posts:
The Hindu nationalist leader, elected to office in a landslide victory last year that all but wiped out the opposition Congress Party and Nehru-Gandhi dynasty, has been basking in praise in recent months.
On the face of it, the numbers are impressive.
In March, the IMF forecast that India will become the fastest growing emerging market in 2015 by notching up GDP growth of 7.2%, reversing years of sluggishness and leaving China trailing on 6.8%. Last month also saw Moody's raise India's credit rating outlook from stable to positive and talk up the possibility of an upgrade next year. To top it off, a survey of CEOs by consultancy giant PwC found Indian bosses to be the most optimistic in the world.
Despite this, some investors are unimpressed. Full story...
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