The politics and plumbing of reforms5 min read . Updated: 28 Jul 2014, 06:06 PM IST
Statecraft is about shaping political constituencies rather than waiting for a favourable consensus to emerge
Finance minister Arun Jaitley recently expressed his government’s intent to pursue a gradualist reform agenda, one predicated on political acceptability. Jaitley’s statement, coupled with the budget’s modest ambition, is consistent with Montek Singh Ahluwalia’s quip that India has a “strong consensus for weak reforms".
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