For some fans of Modi, so far, so disappointing

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India's PM Modi reacts during a meeting with Brazil's President Rousseff on the sidelines of the 6th BRICS summit at the Alvorada Palace in Brasilia

By Sanjeev Miglani NEW DELHI (Reuters) – As an election campaigner, Narendra Modi promised sweeping market reforms to revive India’s economy and put the country to work. They might still recover it, but we have lost the moment,” said Bibek Debroy, a prominent economist who co-wrote a book laying out a reform agenda that the new prime minister himself launched in June. Back in the heady days of the election campaign, Modi and his supporters seemed much more in tune, all lambasting the last centre-left government for years of waste and policy paralysis and building expectations of a regime of “minimum government and maximum governance” that would unshackle key sectors of the economy from the state. To be fair, the government has a five-year term to achieve Modi’s goal of transforming India into an economic and military power able to withstand the rise of China on its doorstep.


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