In 2015, India seems to be one the bright spot in the world’s economy and Coface expects the country’s GDP growth to reach 7.5%. But to what extent have Modi’s reforms contributed to the recent pickup in growth? To answer this question, you will find in this document a recap on the situation and context of the Indian economy when Mr Modi came to power. Then you will discover a review of the major policy actions taken by the government so far and their impact on the economy, as well as the challenges that remain. Finally the analysis details the sectorial issues, focussing on the sectors which are likely to benefit from the progress in the implementation of reforms – notably the infrastructure, steel and IT sectors.
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