Where to after 25 years of reforms?
The longer we delay taking heretical steps, the further we extend our arrival at the next stage of development
Until a few years ago, a favourite story I would tell about India’s economic reforms was based on the telecom revolution. It was that an entire generation of hundreds of millions had grown up in something akin to a parallel universe. Surely, not having to ever resort to contacts or bribes to get something as basic as a phone—in fact, having quite the opposite condition of being wooed by service providers—must have caused a sea change in the psyche and life views of these new Indians?
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