Gujarat: a blueprint for the Indian growth story?

Last year was a testing one for the Indian growth story. Severe cyclical headwinds and structural concerns have meant that India has largely been a market of unfulfilled potential. The market has been stung by policy paralysis, while government corruption and political intransigence has frustrated the introduction of necessary reforms. This has resulted in significant underperformance versus its emerging market peers. India's much vaunted growth story has stalled with inflation remaining sticky; the Reserve Bank of India being forced to raise rates a record 13 consecutive times; and i...