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India's economy looks ready to shine for real

Growth trajectory appears more solid than in the late 2000s

| India
Mumbai's central business district on Jan. 6: There are reasons for cautious optimism.   © Sipa/AP

Rupa Subramanya is a distinguished fellow of the Asia Pacific Foundation of Canada and co-author of "Indianomix: Making Sense of Modern India."

Is India's economy finally ready for takeoff? That was the premise of Prime Minister Narendra Modi's speech last week on the 75th anniversary of the nation's independence as he called for all Indians to work together to make the country a developed nation by its 100th birthday in 2047.

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