PM Modi brings India's economy into focus amid privatisation push

After winning a second consecutive term, Modi is realizing his popularity and support going forward hinges on passing tough reforms that unleash growth and create jobs

Prime Minister Narendra Modi is putting the flagging economy back on center stage after announcing the biggest privatisation drive in more than a decade and making renewed attempts to ring fence the crisis-ridden shadow banking sector.

The country is in the midst of a deepening slowdown amid waning consumption -- the bedrock of the $2.7 trillion economy. And while Modi has targeted transforming India into a $5 trillion economy by 2025, of late, most of his attention has been focused on asserting a more muscular foreign policy and placating the Hindu majority -- his main voting base -- by scrapping