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India's Modi to give closely watched speech as doubts grow

Published on Aug 15, 2014 6:17 AM
 
India's Prime Minister Narendra Modi waves while leaving the BRICS-UNASUR Summit at Itamaraty Palace in Brasilia, Brazil on July 16, 2014.  India's new Prime Minister Narendra Modi will on Friday deliver an Independence Day speech that is being closely watched for announcements of major reforms, amid growing scepticism about his chances of quickly transforming the struggling economy. -- PHOTO: AFP

NEW DELHI (AFP) - India's new Prime Minister Narendra Modi will on Friday deliver an Independence Day speech that is being closely watched for announcements of major reforms, amid growing scepticism about his chances of quickly transforming the struggling economy.

Modi won the biggest mandate in 30 years at national elections in May on promises of creating much-needed jobs, attracting investment, cutting red-tape and cleaning up corrupt government.

But he has yet to deliver on the promised reforms, dampening expectations that his right-wing government can overhaul an economy suffering through the worst slowdown in two decades.

The charismatic new leader will deliver his speech from the imposing ramparts of the old city's Red Fort, where, in a break with tradition, more than 10,000 members of the public will be present.

 
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