Chidu’s ‘Ferrari’ of reforms has an autorickshaw engine

The completely pointless Union cabinet reshuffle yesterday (17 June) tells us three things: one, the Congress party has given up on its government; two, from now on politics will dictate policy and not economics (assuming the reverse was ever true of UPA); and, three, the role of P Chidambaram is not so much to push reforms as to keep up the illusion of forward movement alive so that the economy does not capsize in the run-up to the elections.

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