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Showing posts from November, 2017

The making of a new India?

I recently read an Economist article headlined “India’s prime minister is not as much of a reformer as he seems”. Coming from a reputed international newsmagazine, it was a bit surprising that such an impactful headline, was not followed up with depth or detail to make the point stick. From an economic standpoint, almost every ill - near bankruptcy of large PSU banks, poor tax compliance, massive bureaucracy in state sales tax (to a point that almost every state collected just about enough sales tax to pay the wages of the taxmen - yes, does it not surprise you?) that delivered zero meaningful revenue to the state, are a throwback of the past. Whether it was due to 63 years of Congress rule, 2 years of Janata Party rule, or 5 years of the previous BJP rule is not relevant; this, and every previous government inherited a plethora of problems that were/are extremely tough to untangle. It is a fact that every government of the past, especially the one with Janardhan Poojary as a min