By Shreyasi Singh
That India’s growth story is faltering isn’t a secret. In fact, it’s interesting how quickly things can change. Up until about a year ago, India seemed on the threshold of economic stardom – courted by global companies as a must location, and buoyed by forecasts that its decade-long robust growth might continue in perpetuity.
Today, things look very different – thanks to slowing growth, rising inflation and policy paralysis in the union government. Reforms have been stalled, costs have gone up and “good” trade and business deals seem to be drying up. In fact, some global publications and economic forecasters have even suggested that the “I” in BRIC (the grouping of fast-growing economies of Brazil, Russia, India and China) should be changed from India to Indonesia.
Read the full story at The Diplomat