Narendra Modi can start by curbing inflation with GST and fuel tax cuts
To encourage private-sector investment, the Modi government has been relying primarily on supply-side measures such as lower corporate income tax rates and generous capital subsidies, but it is proving to be a bad strategy as, except for mobile phone assembly, it has not led to a manufacturing boom. © Reuters
Ritesh Kumar Singh is founder and chief executive of policy research and advisory company Indonomics Consulting in New Delhi.
India's economy grew 5.4% in the July-September period, its slowest clip in seven quarters and undershooting a consensus forecast of 6.5% to 7%.
