In 2009, the Congress got as propitious a mandate as any party could have expected. There was hope and expectation. The opposition, both on the left and right, was decimated. But what did India gain? It frittered away the good times. Instead of using growth to lay a secure foundation for the future, and create conditions where the scourge of poverty can be removed, we undermined the prospects for growth. We have high inflation, worrying public debt, slowing growth, uncertain currency prospects, falling investment, crushing interest rates.
An excellent op-ed by Pratap Bhanu Mehta. But is Delhi listening?
