When Prime Minister Narendra Modi first came to power in 2014, many market participants were convinced that this was India’s Thatcher moment. We would see a push for growth through policy liberalisation, reducing government involvement in the economy and a more stable policy framework. It must be said that most investors have been disappointed, as rebuilding growth in India has been more challenging than they thought.
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First Published: Mon, March 01 2021. 22:46 IST