Economy

Stakes are high for U.S. in India’s next election

By Sardul Singh Minhas
Published March 2, 2014 5:00am ET
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Stakes are high for U.S. in India’s next election
Gujarat state chief minister and opposition prime ministerial candidate Narendra Modi, who was denied a visa to enter the U.S. in 2005, sits during the 50th anniversary celebrations of the Bar Council of India in Gandhinagar, India, on Saturday. (AP Photo/Ajit Solanki) | Ajit Solanki

India is an important natural ally of the United States, with shared roots in democracy and an ongoing turn toward a free-market economy.

It will also be an increasingly powerful — India is projected by HSBC Bank to have the world’s third-largest economy in 2050.

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