support from local business owners that form a big part of his base.

"There have been a number of FDI-specific reforms, and I would think that would set the tone for the next few years rather than a shift towards more protectionist policies," Shilan Shah, senior India economist at Capital Economics, told CNN.

Fluctuating growth

The most keenly-watched metric since Modi came to office has been the pace of India's growth.

India overtook China as the world's fastest-growing major economy in 2015, and except for a brief period in 2017, it has held that position ever since.

But there has been a sharp deceleration in the last couple of years, with the biggest hit to growth resulting from some of Modi's signature reforms.

in November 2016 by He stunned the countryin November 2016 byabruptly banning the two biggest banknotes in circulation, making 86% of the country's cash worthless at a stroke.

While the stated goal was to crack down on illegal funds and move India towards a more digital future, the move wreaked havoc in the cash-dependent economy and brought several sectors to a halt.

A massive overhaul of India's tax system a few months later hit the economy even harder, as businesses still reeling from the cash ban struggled to cope with the changeover.

The economy had rebounded strongly by the beginning of last year, but growth has since slumped from 8.2% to 6.6%.

"If you really look at what this government has done, it has systematically ticked a lot of boxes," said Pronab Sen, India director at the International Growth Centre and the