India is now the most populous country on the planet and is projected to be the fastest-growing large economy as well, at 5.9 percent this year. Prime Minister Narendra Modi said recently, “India’s time has arrived.”
A similar boast was made in the mid-2000s but while the enthusiasm turned out to be short-lived, the country did continue to make progress. It has been the second-fastest-growing large economy (behind China) for about 20 years. In recent years, however, it has been able to accelerate growth because of a series of revolutions.
One of them, the Jio revolution, came about through a staggering $46 billion bet by India’s biggest and most ambitious business leaders.