Recent months have brought a spate of good news for India. Against all expectations, relations between India and Pakistan have started to improve. There are almost daily reports of Fortune 500 companies shifting some service operations to India. Most strikingly, India has now become a net creditor with the International Monetary Fund, a startling departure for a country which has for the longest time been a net borrower. Yet India's performance over the years has also brought it its share of sceptics who see deeply-embedded obstacles that will prevent India from ever being able to match the socio-economic progress made by China or ASEAN.
This Special Briefing assesses India's recent progress and attempts to understand the true risks and opportunities in the country. As political considerations are critical to the country's future, we will assess the political risks first before evaluating India's future prospects.