Slowdown can be attributed to many things. Where to start. Modi's govt was more statist in comparison to Vajpayee. If the private sector employs the most then macroeconomic stability becomes vital. Provide that and domestic companies feel more confident about investing. We've had macroeconomic stability in the last govt, a reasonable growth rate with benign inflation. Compared to the 2009 - 2014 era. That is a definite improvement.
Consider if interest rates in the US rise. FDI flows out and back to the US. The rupee weakens, we have to spend more on oil, this can cause inflation to go up.
How this govt deals with the banking crisis, this
$100bn hole we have to work with. I found the guest quite interesting check him out. He was on recently as well.