India’s Phase Transition
Prime Minister Mr Narendra Modi’s administration can be considered to be a “phase transition” for India’s economy, to borrow a concept from thermodynamics. Phase transitions are abrupt, often discontinuous changes in systems that alter the degrees of freedom available to it. A familiar example of such a transition is the change from ice to water. Under Modi’s administration, India’s phase transition is likely to be from an economically bound state to an economically free state.
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