A senior French journalist, who has spent nearly seven years in India, called me recently for my views on the first year of the Narendra Modi government. Unlike most others attempting an evaluation of the government’s year in office, he was already aware that the economy was in better shape with inflation down, the growth rate up, foreign reserves rising, current account and fiscal deficits in control and some major reforms having been undertaken. These, inter alia, included the transparent auction of coal mines and the telecom spectrum; the successful launch of schemes for financial inclusion; the much. . .