Politics a Drag on India's Economy

Politics a Drag on India's Economy

India's economy grows mainly in the night, some say, when the government is asleep. The reasons for economic analysts being bullish on India are well known and grounded in solid evidence. But if every economic prospect pleases, India’s politics can be vile. Prime Minister Manmohan Singh flattered in his first term only to deceive in the second. His government has been palpably adrift, in part owing to coalition complications, in part to power lying in Sonia Gandhi’s hands while Singh is PM, and in part to the anticipated but protracted and uncertain transition from Singh to Rahul Gandhi as prime minister.

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