The rise of the rest of India

India's cycle of crisis and reform is predictable as clockwork. Ever since it faced a balance of payments crisis in 1981, the country has found itself in some macroeconomic trouble at the start of every decade. The same pattern has been at play over the past few months, and the country is now in the throes of a currency crisis. But if there's one reason to still be optimistic about India, it's that while national leaders in Delhi...

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