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.