At the Economic Times Global Business Summit last week, Prime Minister Narendra Modi gave a detailed report card on India’s economic performance, and declared “India is open for business”. India’s macros have certainly improved greatly, and global confidence in India is much higher than in 2014. The Mudra scheme for loans without guarantees to small and micro industries had, Modi claimed, reached 40 million beneficiaries. Modi insisted India is “open for business”. The prime minister’s report card giving high marks to India was mainly correct.

Source: Economic Times February 27, 2018 17:29 UTC