Modi Window to Revamp India Economy Never Wider as Oil Dips
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If Prime Minister Narendra Modi is serious about overhauling India’s economy, 2015 presents a golden opportunity.
Oil prices have fallen to a five-year low, inflation is easing, the current account deficit has narrowed and investors are betting the U.S. Federal Reserve won’t raise rates until June. Only two of India’s 29 states will hold an election next year, and Modi holds a majority in the lower house for the first time in three decades after his landslide election win in May.