24 November, 2020

The Inertia Of Motion

A generous UPA sustained growth, but built nothing of lasting value

Illustration by Sorit
The Inertia Of Motion

India is going through a most exciting transition. A confluence of good fortune on many fronts has created a range of opportunities for Indians to benefit from. There is the large and increasing population of working age, combined with low dependency. The monsoons have not failed for many years running. An ongoing electronic communication and IT revolution is making it possible for individuals, firms and countries to respond rapidly to changing circumstances. Then there is the recognition internationally that India is an important market to invest in, export to, and import from. And since the government had started a process of openness a decade and a half back, many of the markets that were missing in the pre-1991 era are working efficiently enough.

Given such conditions, how has this government been? Well, quite good on maintenance—and extremely poor on preparing, repairing, and creating. As inheritors of the 'India Shining' story, the UPA government did a great job of maintaining the sheen. The budget was (at least initially) kept...



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