India escapes the worst of emerging markets misery
It is poised to become fastest-growing G-20 economy yet old problems persist, with Modi's promised reforms stalled
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New Delhi
THREE years ago, India was the weakling of the emerging markets clan, politically stagnant and struggling to grow - but as gloom engulfs other developing economies, the subcontinent is enjoying a moment in the sun.
Brazil and Russia lie deep in recession and South Africa is teetering on the brink after demand for raw materials collapsed, while alarm bells have sounded over fears the China juggernaut may be faltering.
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