India out of the woods

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India out of the woods? India's economy expanded at the fastest pace in more than two years, revitalised by a decisive political mandate for the Narendra Modi-led BJP and subsequent actions by his government, suggesting that growth may be turning around at long last. Investment activity has gathered pace and reassured consumers have begun to spend again, indicating the worst slowdown in the last decade may finally be over. Modi said I think we have crossed the difficult situation that the country was facing. Within the first 100 days of this government, we have achieved stability and stopped the continued reversals that the country was facing. We have to move ahead now on the runway; I am confident that, very soon, we will attain even greater heights. (VIEW LINK)


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