No Scope in Modi's Business-Friendly India for Less Government

  • Bad debt and manufacturing slack hamper private investment
  • Central bank says unclear public spending can act as catalyst

Prime Minister Narendra Modi.

Photographer: Hindustan Times/Hindustan Times via Getty Images

Indian Prime Minister Narendra Modi came to power in 2014 with a promise: “Less government, more governance.” When it comes to the economy, it turns out India can’t afford less government just yet.

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