A fair assessment of Modi and his government depends in large part on what the public expects of the new team. Does India need only to reduce corruption and become more business-friendly? Or does it require more sweeping reforms? If it is the former, Modi is on track. Effective anti-corruption and pro-business measures are challenging but feasible, and the process has at least started. If one expects the latter, though, the benchmarks for success are considerably higher.

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