As Narendra Modi was storming to victory in the election of 2014, he said that “acchhe din aane waale hain” — good times are coming. Now as Mr. Modi stands set to secure another term as prime minister in elections starting on April 19, the value of India’s stock market has grown threefold since he first took office. India’s economy is almost twice as big as it was. But the economic gains have been widely unequal. The bulk of India’s growth depends on those at the top of the income ladder, including a coterie of huge and tightly controlled businesses.

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Persons: Narendra Modi, waale, Modi