India hoped for an Abe. It got a lost decade


Prime Minister Shinzo Abe has repeatedly said he will proceed with the increase unless there's a major economic shock.

Five years ago, I wrote that Narendra Modi could be India’s Shinzo Abe. I couldn’t have been more wrong.

The chief minister of Gujarat state had just been chosen by his party to become the next prime minister if it won the popular vote. Writing for Reuters then, I predicted he could lift the country’s drooping economy, just as Abe had been attempting to do in Japan.

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