[SCMP Column] India's moment

May 22, 2014

In short, therefore, India’s economy remains a pygmy, but mismanagement and bureaucratic corruption have been so egregious that even modest improvements by a new Modi administration have the potential to make a massive difference. For the first time in 30 years I believe there is a chance the country may at last begin to move towards its potential.

An important litmus will remain my alma mater the Financial Times: if the Indian government at last allows it to publish and distribute inside India, then that will be an important sign of change in the wind. It is a tribute to Mr Modi that he has hoisted me out of 30 years of cynicism and pessimism to believe that at last things might change.

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