The future of economic reforms in India

Ever since the UPA came into office, they’ve blamed their inability to make progress on various fronts, down to their need to respect ‘coalition dharma’. Take economics and market liberalisation as an example, many influential people including a few Union Ministers have spoken of how the Communists held them back and blocked the reform agenda every step of the way.

Given that the Comrades from West Bengal have shot themselves in the foot by failing to topple the UPA as a result of their withdrawal, it would be fair to assume that all roadblocks (excuses) to market liberalisation have been cleared. No?

Knowing India, I’m sure the answer isn’t that straight forward. Yes, there are some pretty entrenched views on liberalisation in various elite circles in India, but when you go speak to the average joe bloggs, they’d welcome better quality, innovative services and lower prices, and for this reason, I believe that the UPA should go out there and make the case for reform more convincingly.

With electoral fortunes looking bleak for the UPA, what have they got to lose?

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