Eighteen months ago, Narendra Modi won a major election victory in India and appeared to many abroad as an economic modernizer and developmentalist: someone who could raise sagging growth rates and restore India’s pride. Originally built up as a national savior by some of India’s biggest corporate leaders, he generated and still enjoys enthusiastic support among the international business community. Rupert Murdoch summed up the conventional wisdom with a recent tweet: “Best leader with best policies since independence.”
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