India's economy: The good, bad and ugly in six charts [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
His message was "Viksit Bharat 2047", a promise to make India a developed nation by 2047. It's the latest catchphrase from a man known for his penchant for catchy taglines. "Developed India" is an imprecise pledge, but in the 10 years since Mr Modi first stormed to power, he has been trying to lay the foundations for a period of economic boom. The prime minister and his government inherited an economy that was teetering on the precipice. Growth was slowing and investor confidence was low. A dozen Indian billionaires had gone bankrupt, saddling the country's banks with enormous unpaid loans that had crippled their capacity to lend. Now, 10 years on, India's growth is outpacing other major economies, its banks are strong, and the government's finances are stable despite a painful pandemic. India surpassed the UK as the fifth largest economy last year and according to analysts at Morgan Stanley, it's on track to overtake Japan and Germany and hit the third spot by 2027. There
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