To catch a glimpse of Prime Minister Narendra Modi’s economic vision for India, drive to the edge of the desert sands to the 18th century walled city of Jaipur. The capital of the northwestern state of Rajasthan saw one of India’s steepest surges in foreign direct investment in the year through March 2015. Chief Minister Vasundhara Raje, taking advantage of her absolute dominance over the state and municipal legislatures, has pushed through reforms Modi has struggled with, relaxing contentious labor rules and making it easier for companies to acquire land. Vehicles travel along a highway in Jaipur Photographer: Udit Kulshrestha/Bloomberg Fettered by an...
↧