India Needs More Reforms

India’s economy is generating some serious steam—GDP is growing at a fast and accelerating clip, industrial production is at a record high, and inflation has dropped below the central bank’s target. But the stats don’t tell the whole story: William reports that India is in dire need of structural reforms to address unemployment and broaden the benefits of rapid growth to the entire economy. Without these and other reforms recommended by the OECD, the country is ill prepared to shoulder Trump’s 50% tariffs on exports to the US.