India's economy steps out of the glue

Indian prime minister Narendra Modi has stepped his plans to reform the country's economy.

For the first few months after his May 2014 election win, India's prime minister, Narendra Modi, made slow progress on structural reforms, says The Economist. But towards the end of the year he became "hyperactive".

The most eye-catching measures include a bill aimed at making it easier for large industrial projects to acquire land, an increase in the cap on foreign investment in the insurance sector and a reauctioning of coal-mining licences (the Supreme Court had annulled a previous round amid evidence of corruption).

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.