Business Standard

Eight years on

India must protect macroeconomic stability

Indian economy, reforms, policy, manufacturing, make in india
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Business Standard Editorial Comment Mumbai
Is this finally India’s moment? As the country emerges from the pandemic, poised to once again take over the mantle of the world’s fastest-growing large economy, it is reasonable to consider where it stands almost eight years after Prime Minister Narendra Modi took office on May 26, 2014. At that point, Jim O’Neill — the Goldman Sachs banker who famously coined the “BRIC” acronym — declared that it was the “most positive development in India in 30 years”. Stock markets surged, and a fortunate moderation in global oil prices helped tame inflation and stabilise the economy. Eight years on, the

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First Published: May 23 2022 | 10:04 PM IST

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