Foreign businesses still struggle in India

NEW DELHI: Narendra Modi was elected two years ago this week promising to ease India’s notorious red tape and unpack regulatory tangles, but for foreign firms, doing business in the world’s fastest-growing large economy can still be a costly headache.

With a billion consumers and rising middle class, India holds dazzling potential—yet despite signs of change on the ground, high-profile corporate tussles continue to bamboozle investors.