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Economy

Modi has India on track to faster growth: HSBC's Kidwai

TOKYO -- From Naina Lal Kidwai's perspective, Indian Prime Minister Narendra Modi more or less lived up to the hype in his first 100 days in office.

     The head of HSBC's operations in India took notice of Modi's quick move to introduce a goods and services tax, as well as his early efforts to get investment flowing and check the fiscal deficit. She believes these measures have the potential to spur India's gross domestic product growth back above 7% by March 2016.

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