How many shocks can India withstand?

The Narendra Modi government seems to be hallucinating. For its ambition to successfully leap-frog 40 notches in the World Bank’s Doing Business survey this year is nothing short of daydreaming. Especially, against the backdrop of just one-notch ascent to 130 in the survey that measures the ease of doing business in 190 countries. The modest rise was in normal times; a lot has changed since then—for the worse.

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