Alicia Garcia-Herrero is chief economist for Asia-Pacific at investment bank Natixis in Hong Kong and an adjunct professor in the economics department of the Hong Kong University of Science and Technology.
But complacency toward reform and trade links could haunt New Delhi

Indian commuters outside New Delhi: Even with recent urbanization, only about 35% of the country's population lives in cities. © Reuters
Alicia Garcia-Herrero is chief economist for Asia-Pacific at investment bank Natixis in Hong Kong and an adjunct professor in the economics department of the Hong Kong University of Science and Technology.