The economy

Little to cheer about

Print edition : June 12, 2015

Finance Minister Arun Jaitley with captains of industry in New Delhi on April 6. Photo: Kamal Narang

Hyundai cars ready for shipment at a port in Chennai. India's auto sector continues to struggle in a sluggish market. Photo: BABU/REUTERS

At a fuel station in the U.K. in December 2014. Fuel prices have remained high in India despite the fall in crude oil prices worldwide. Photo: Jason Alden/Bloomberg

The Modi government’s first year in power has been characterised by a series of missteps, bringing into sharp focus its lack of imagination on the economic issues facing the nation. And there are few signs that a course correction is on the cards.
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