A popular opposition figure is in prison. Another major party’s election funds have been seized. As India, the world’s largest democracy, gears up for elections in less than two weeks, investors from the world’s oldest democracy are embracing it like never before.

       American businesses are attracted to an economy that is slated to grow 7.5% this year, according to the World Bank—more than three times the global pace. India, which had long frustrated foreign businesses with its sometimes chaotic political system, might have the world’s third-largest economy by the end of the decade.

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