Under Modi Govt, The Poor Are Back To Square One 30 Years After Liberalisation – By Deepanshu Mohan
Rivers of ink have been spilt over the past few weeks in recollections and nostalgic anecdotes marking three decades of India’s economic liberalisation…. A point less echoed and emphasised in the entire discourse and the economic debate is the ‘political’ and ‘political economy’ considerations seen during the India of the 1980s and the 1990s, which seemed far more different, and yet, in some ways, quite similar to the ‘political’ and ‘political economy’ context of our times….
What’s intermittently worse now than what was seen during the Indira Gandhi-Rajiv Gandhi years and the Narasimha Rao-Manmohan Singh period is a wholesome “political” attack on the two aforementioned “operative realities” of our governance ecosystem.
Widening democratic deficit, a breakdown in the federal relationship, and a deep erosion of social trust within economic actors (farmers, workers, firms, households, and the government) is only compounding the issue….