Ignoring the Headwinds

While realisation may finally be dawning on India's current political leadership that there are very serious drags on India's growth story, a deeper understanding of the underlying factors is missing and, therefore, we have a total absence of visionary, bold, urgent and decisive action. There is still a lingering belief that the same brains trust that was credited with pulling India out of the 1990s mess can pull off the same magic yet again, with similar actions.

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