The World Bank has accused India of jettisoning tough economic reforms and embracing populism. India has been also warned of an impending economic crisis arising out of a supposedly precarious state of public finance.The reality might be very different. Leading economic think tanks have predicted a GDP growth of between 6.5 and 7.5 per cent. The unanimous belief, the difference in growth estimates notwithstanding, is that the Indian economy is set to witness a bumper year. What's more, this growth is expected to fully offset the lower 4.3 per cent growth of last year, which was mostly an outcome of failed rains.(Editorial)