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Modinomics loses urgency at worst moment

Slowing growth should prompt Indian PM to speed up reform

| India
Indian Prime Minister Narendra Modi needs to accelerate his reform efforts on top of some vital wins he has pulled off.   © Reuters

There is nothing like hubris for tripping up Indian leaders. Just ask Atal Bihari Vajpayee, who let a little success go to his head in 2004 when he led Narendra Modi's Bharatiya Janata Party to disaster.

Vajpayee fought that election with a splashy "India Shining" campaign highlighting the wave of optimism supposedly sweeping the nation. Hundreds of millions of Indians who were not feeling Vajpayee's economic magic retorted: "We will not be ignored!" and showed the BJP the door.

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