Shining India is back. At least that’s what many hyperbolic Indians would have you believe. With China’s economy slowing and its markets and policymaking credentials upended, India is plausibly poised to take over as the world’s fastest-growing large economy. Many Indians, deploying language that evokes the “India Shining” campaign used when Prime Minister Narendra Modi’s Bharatiya Janata party was last in power a decade ago, see more than a glimmer of opportunity in China’s misfortunes.
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