The Rise of Modi
Pro-Business in Name Only?
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  • Anthony

    Milan Vaishnav portrait appears evenhanded and outlines both economic and political difficulties facing world’s largest democracy (inclusive of all parties, factions, regions) going forward. In particular, he lays out that the slog will not be easy nor glamorous if faced by BJP, AAP, Congress Party, etc. – more than governance.

  • Bretzky1

    I don’t claim to be an expert on Indian politics, but everything I’ve read about the country’s economic problems indicates that there simply isn’t a constituency in India for economic liberalism. As such it’s not surprising that Modi would be reluctant to campaign on liberalization, even if he is a real economic liberal, which I doubt.

    • free_agent

      Yes… If the only workable path of rapid economic growth is a more classically-liberal economic policy, and if no large constituency is willing to tolerate that, nothing can be done. Actually, the place will stagnate until the rest of the world starts needing workers, at which time everybody will leave and it will become a ghost town.

      I remember, I think it was Dinesh D’Souza’s quoting his uncle (a merchant) saying, upon Indian Independence, that the country had been the best governed in the world, but was now going to go downhill. The uncle’s attitude was that the colonial government could do things correctly because it didn’t have to please the voters.

  • Jacksonian_Libertarian

    Look no Government can deliver a better economy, but throwing out the previous party will disrupt the structures of patronage and corruption that take years to build, and for a time ease the burden of Government on the economy.

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