Whatever Singh’s own faults as a government leader, India’s economic malaise is due to more basic problems.

Prime Minister Manmohan Singh is on the receiving end of a barrage of slings and arrows these days. The most recent salvo comes from Time magazine, whose Asian edition this week has a cover story labeling him “The Underachiever.”  But his detractors are off target: Whatever Singh’s faults as a policymaker, India’s economic malaise is due to more basic problems.