The strange case for India's macroeconomic exceptionalism

Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth slowdown and, in general, deserving to be thrown out in favour of Narendra Modi.

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