Eminent Indian-born economist Jagdish Bhagwati, who is positioning himself to advise Narendra Modi if the opposition leader becomes India's next prime minister, would urge him to allow more foreign investment and trade to spur slow growth and curtail government spending. Modi is favourite to become prime minister for the BJP, which has a strong lead in opinion polls. He is running on a platform of reviving an economy going through its worst slowdown since the 1980s. For the first time addressing his potential role in a Modi government, Bhagwati, known as the most famous living ...