Imports of petroleum has become a serious issue. Price of petroleum goods has to go up. This has to happen, and will happen because of the laws of supply and demand. The Prime and Finance Minister recognize the need to raise its price but lack the authority, or courage, to do so because the coalition partners don't want to take the blame of further inflation. India is now one of the largest debtors and stuck in the debt trap.
Infrastructure remains a bottleneck.
Even domestic investment is not moving in areas that promote future productivity. Income inequality is increasing and so is the pollution in all cities and even rural areas. If such trends continue even for a short period, environment pollution will itself become a serious handicap for both FDI and future economic growth. But these are hardly matters of concern to either this government or its priesthood. Yet it talks of democracy all the time.