Rajesh Shah

Asia Summit 2015 - Modi's Second Year: Realism After Optimism

Modi, Brooks Entwistle, Gunit Chahal, Rajesh Shah, Shiv Nath, Vinod Kumar

Deutsche Bank analysts and a policy panel assess India's macroeconomic stability, citing 7% GDP growth and robust foreign exchange reserves while highlighting persistent legislative bottlenecks that are shifting reform efforts toward state-level "competitive federalism." The discussion identifies critical gaps in infrastructure and corporate governance alongside a booming startup ecosystem, emphasizing that the skills deficit poses a significant risk to the country's demographic dividend. Looking forward, the consensus projects India to outperform other emerging markets with a $5 trillion economy target achievable within two political terms, provided state governments effectively drive investment and job creation.