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shared by Haydn W on 10 Feb 15 - No Cached

Will 'Modinomics' help boost India's development?
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In a bid to transform India's economy, PM Narendra Modi has pledged unlimited reforms at a summit in Gujarat.
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Indian PM Narendra Modi pledged to slash red tape and banish India's reputation as a hard place to do business. Modi spoke of his plans to lift hundreds of millions of Indians out of poverty, including the opening of more than 100 million bank accounts
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More than six months into Modi's rule, India's economic growth remains sluggish, with GDP expanding at an average of 5.2 percent in the first three quarters of 2014.
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Kerry told the summit the United States looks forward to stronger trade and diplomatic ties with India. Kerry's visit to the South Asian nation, his second in six months, comes just a few weeks before US President Barack Obama is due in New Delhi for talks.
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Rajiv Biswas, Asia-Pacific Chief Economist at the analytics firm IHS, says that while replicating the Gujarat model across a large and politically disparate country such as India will be difficult, PM Modi's management style is likely to accelerate economic development in significant parts of India, particularly in states where his Bharatiya Janata Party (BJP) holds state government.
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