Across almost all metrics, infrastructure, corruption, ease of business, electricity, even cleanliness India has improved on. This isn't just another election year innovation, this is just another list of innovations that have been added, which also include things like investments in clean energy, and providing rural impoverished citizen with gas to cook (people in rural areas would cook in wood fired stoves that would produce a lot of smoke and be terrible for their health).
You can be a pessimist, but I don't see that, and most investors are very optimistic about the Indian market.
You can be a pessimist, but I don't see that, and most investors are very optimistic about the Indian market.