Over the past couple of years, India has registered rapid economic growth, with the GDP growing 7.6% in the last fiscal year. The country’s economic profile has also witnessed a dramatic shift over a long period from rural –based agricultural production to urban economic activities, and from low-value manufacturing to high-value services. Indeed, the economy is on track to maintain its current growth rate for the rest of this year too. Though economic activity is buoyant, the country still has a long way to go. The Modi government must capitalize on the current economic momentum and use it to accelerate its reform agenda.