GDP growth slows, India is number 2 again, and Modi should be worried

For quite awhile now, it’s been rare to hear the name "India" without the giddy qualifier, "the world’s fastest-growing large economy." Those seeking to promote India as a destination for investment – including, perhaps especially, its government – have driven home the message that India is the "bright spot" in the global economy. The latest data on economic growth have, however, punctured that narrative reasonably effectively. While full-year growth for 2016-17 came in at a respectable 7.1 percent, the numbers have benefited from a change in how inflation is measured.