It was a quiet Tuesday when the World Bank released its mid-year forecast: global growth revised down to 2.3%, the lowest outside a recession year in two decades. Headlines screamed slowdown. But in a corner room of a Mumbai co-working space, three startup founders clinked coffee cups in celebration.
"India’s still hot," one smiled. "In every way that matters."
Indeed, while the world dials down its economic expectations, India is dancing in the rain—figuratively and literally. Monsoons have been steady. Inflation is controlled. CapEx by the government is strong. And consumer confidence is back, even if a bit cautious.
What’s more surprising is the mix of growth drivers. Tier-2 cities are
...
