India’s economy: Revival in growth remains elusive

India's richest man may also be its most optimistic. On June 6th Mukesh Ambani, the boss of Reliance Industries, addressed an auditorium in Mumbai watched by his glamorous wife in the front row and bodyguards with oiled submachine guns in the wings. India’s economy, he said, was in a funk but his faith was “unshakable”. Soon the country would “trigger a major transformation of the world order”. The audience rose in delight.

Read Full Story>>