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India's economy faces an ominous new year in 2018

Mr Modi is under unaccustomed pressure following elections in his stronghold, the western state of Gujarat, which went down to the wire. Most Indian politicians would have responded with a giveaway or three. Mr Modi will need to decide soon how he will respond.


YOU would think the Indian economy had returned to rosy health. It seems to have recovered from two enormous disruptions - Prime Minister Narendra Modi's decision just over a year ago to withdraw 86 per cent of the currency in circulation, and the poorly-planned rollout in the...

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