Indian economic data on Tuesday is expected to be mixed, highlighting the need for Prime Minister Narendra Modi to accelerate reforms to bolster growth as he prepares to start his second year in office. While India’s economic outlook has improved under Modi, corporate investments are showing little signs of revival due to over-indebtedness as well as growing bad debt at Indian banks. Inflation has also cooled in large measure due to the dramatic fall in global oil prices, but recovery in Asia’s third-largest economy remains sluggish.

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