India has enjoyed strong economic growth, but that reflects the fall in oil prices as much as domestic factors. Concluded Aiyar, India's story is of "government failure, of successful economic reform tainted by institutional erosion. Acharya worried: "economic reforms seem to be on the slow train, while good old fiscal populism is alive and flourishing. Against the background of a slowing world economy and slumping exports, this does not bode well for India's economic growth and job-creation." Some Indian officials act like their nation's success, which means surpassing China's economic growth and becoming a global power, is guaranteed by manifest destiny.

Source: Huffington Post January 13, 2017 15:10 UTC