Also read: India's rising unemployment should be Modi's biggest worry
The Modi government celebrates two years in office on May 26. Popularity ratings of Modi continue to soar with the BJP winning five out of ten states which went to polls in the last two years. There has been an absence of scams and inflation has been under control.
India was the fastest growing economy in the world at 7.6 per cent in FY2016 (surpassing China). Lower oil prices (lower by 40-50 per cent) have helped reduce current account deficit from five per cent of GDP in FY12 to one per cent in FY16 and largely negated the drop in exports (down 17 per cent) and the impact of rupee depreciation (16 per cent). FDI increased by 37 per cent in FY16 reaching $39.2 billion exhibiting country's attractiveness among investors. Read more.