Key Indian adviser sees bumpy economic path-Arvind Subramanian weighs impact of demonetization, GST and Air India sell-off  

NEW DELHI — Political stability in India paved the way for root-and-branch reforms such as demonetization and the new Goods and Services Tax. But as one of the country’s key economic advisers acknowledged, they came at a cost: subdued growth this year that could extend into 2018.   “I think in the last year or so…

India must paint itself out of its economic corner – Will Modi carry out fundamental reforms or continue to tinker?  

NEW DELHI — Prime Minister Narendra Modi’s announcement Monday of a $2.5 billion program to take electricity to 40 million of India’s poorest households bore all the hallmarks of his recent economic policies. Two-thirds of the way into his five-year term, Modi is pushing a propoor, populist agenda that could win votes for his Bhartiya…

Will Modi put his money where his mouth is?-Populist promises helped BJP’s poll success, but reforms could be costly  

Key state   Uttar Pradesh is a political lynchpin: it sends the maximum number of representatives (80) to parliament’s lower house. It was home to nine of India’s 15 prime ministers. Modi, who forsook his own western state of Gujarat to win a parliamentary seat from Uttar Pradesh’s Hindu holy city of Varanasi in 2014, said…