America's federal budget deficits have actually shrunk by nearly $5 trillion since 2010. The CBO's projection for the budget deficit this year is smaller than it's been on average over the past 40 years. In short, the economic evidence is clear: This deficit is no longer an urgent issue. But there are, in fact, deficits that demand immediate attention.
Unless the majority of India's workers are sufficiently educated and retrained to fulfill skilled jobs, and unless more women are invited to work, Indian companies will find themselves unable to compete on the world stage or to attract foreign capital for growth. In order to address this, Prime Minister Modi can do three things.