Structural economic weaknesses remain its Achilles heel
Narendra Modi speaks during the inauguration ceremony of the "Make In India" week in Mumbai in February 2016: India has failed to develop and execute a holistic, comprehensive and coordinated economic development plan. © Reuters
William Bratton is author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.
Courted by the U.S., Europe, Japan and even Russia, India's geopolitical importance has been rapidly elevated over recent years.
