You know a country has it good when the worst news to emerge in the last year is a warning that economic growth could slow — to 7 percent. Such is the situation in India, which is enjoying a remarkable combination of good luck and fundamental strengths that include a popular prime minister in the form of recently elected Narendra Modi, a growing consumer market and its emerging market cohorts in Brazil, Russia and China (BRICs) faltering in a way that has unsettled investors around the globe.
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