Modi Faces Reality Check as India Investment Approvals Slow
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Those waiting for a surge in Indian investment should get comfortable -- it will be awhile.
New project proposals announced in the three months through June were the lowest since Prime Minister Narendra Modi took power in May 2014, according to the Centre for Monitoring Indian Economy Pvt, a Mumbai-based research company. Of another 540 stalled projects valued at $432 billion, three-quarters are either substantially completed, unviable or lack funding, UBS Group AG said in a July 2 note.