ONE of the major planks of the BJP campaign in 2014 was that the economy had been reduced to shambles under the UPA - growth was flagging, the rupee had lost ground against the dollar, exports were sluggish and loans from banks to industry were increasingly turning bad. Modi, it was declared, would come and wave his magic wand and turn all this around. India would become the fastest growing economy in the world, the rupee would gain ground against other currencies, exports would boom and investors, both foreign and domestic, flock to make India a manufacturing hub.