IMF revised down India's GDP this year from 5% to 4.8%
India's nationality register and protests that come with it is dragging down the economy even further.
India's protectionist, anti-foreigner, anti-business, anti-corporation culture of the 80s is back once again.
Forget US-China tax war bringing in new businesses in India. Now investors are shifting their assets from India to China.
India's minister : Amazon's billion dollar investment doesn't help India. Same minister : the new 100 ft high statue we built will bring in billions.
Interestingly Modi was banned from entering USA for his active involvement and encouragement in Gujrat riot. Until he inevitably became head of the sate, when it was lifted.
Before he was elected, USA media promoted him as "The Pro-Business leader that India needs", which historically had been anti-business.
The spiral downfall.
Not complaining.
Keep watching.