India's moment has arrived — but many hurdles remain

• India's economy is expected to expand by 6.5% this year, according to IMF forecasts. 
• The world's most populous nation was keen to talk up its prospects at the World Economic Forum in Davos.
• Whether India's potential is as great as its ambitions remains to be seen.

"India has seized the moment," proclaimed housing minister Hardeep Singh Puri with confidence during a panel at the World Economic Forum in Davos last month.

That was the message being spread to the business leaders and investors by the Indian cabinet ministers who attended the Davos event.