India Bets on Modinomics, Whatever It Is

India is abuzz about the supposed economic chops of opposition leader Narendra Modi, who could be running India five months from now. Can his program steer India away from a full-blown financial crisis and toward double-digit growth? Who knows? Modi’s program remains disturbingly vague in details, which leaves me with three worries: Modi might turn out to be India’s Abe; his party isn’t the panacea investors think it is; and the nation’s gridlock may be set to get even worse.