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The picture of India’s leader speaking at a rally in the port city of Haldia, West Bengal province

New Opportunities 2021: India plans reforms shielded by robust economic growth

India will rely on targeted supply-side spending to help resurrect the country’s Covid-battered growth. Narendra Modi’s government also hopes to implement critical but long-delayed structural reforms that could become possible if economic recovery is as strong as expected. The plan hinges on a stretch goal: exceeding 14 percent nominal GDP growth rate in the upcoming fiscal year.

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