India, long overshadowed by the greater global heft and economic might of China, is enjoying a rare moment in the sun. Multinationals are on the hunt for new markets as growth falters in the emerging economies that have powered their sales in recent years. Apple, which has applied to open a flagship store in Mumbai, has become the latest to bet that India will become both more prosperous and an easier place to do business. Narendra Modi, elected on a promise to transform the economy, must seize this opportunity to harness international investment.
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