India's Modi looks to new economic playbook as risks mount

FILE - A rickshaw puller transports a load at a wholesale market in Hyderabad, India, Thursday, Feb. 1, 2024. India's policymakers are trying to head off a sharp slowdown as global economic conditions worsen.

After world-beating economic growth last year, India's policymakers are scrambling to head off a sharp slowdown as worsening global conditions and domestic confidence wipe out a recent stock market rally.