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The deluge of money in India’s political system is shaping more than just the nature of competition; it’s also having an effect on who gains entry into politics in the first place, as parties rely more on candidates who can pay their own way.
If the average GDP growth rate continues to hover at 4.5 percent to 5 percent per year, the current employment situation will not improve, and India will never generate a demand for labor that is even vaguely in line with its future supply.
India must innovate and bring efficiency to public expenditures if it is to alleviate poverty and extend true food security to its people.
While there will soon be a new government in New Delhi, India’s foreign policy challenges promise to remain more or less constant.
To revive Indian manufacturing, industry and the government must implement a reform agenda together—to increase competition, reduce dualism, make the regulatory process more transparent, and cut the compliance burden.
India has to make some hard choices in order to sustain growth over the long term. In making those choices, there is an important role for the state, but the state cannot be prioritized to the neglect of markets.
Progress in India requires a deep commitment to restoring the centrality of markets in economic decisionmaking.
Economic growth, jobs and development, and inflation and corruption are three of the key issues concerning Indian voters as they go to the polls to vote in the general election.
Both India and the United States are to blame for their partnership’s slowdown, and they share the responsibility to rebuild it.
Over the last two decades, the U.S.-India relationship has evolved from one of mutual suspicion to one of strategic partnership. Yet the relationship between the two great democracies is still a work in progress.