January 9, 2012

India Needs a Clean Slate

N.V. Krishnakumar, Times of India

AP Photo

The hopes of Indians were riding high after the 2009 general elections which returned the Congress-led United Progressive Alliance (UPA) to power in the midst of a global economic crisis. The people, in their wisdom, had chosen a technocrat over an ideologue.

The Left parties were decisively defeated, and with it, all hurdles removed for rapid economic growth and a more prosperous India. The stock markets hit the upper circuit for two consecutive days. Foreign investors applauded the verdict by pouring money into the country; everyone was gung-ho about the India growth story.

But that hope has turned sour since then.

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