Expert Zone

Straight from the Specialists

It’s time India reposes faith in itself

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(Rajan Ghotgalkar is Managing Director of Principal Pnb Asset Management Company. The views expressed in this column are his own and do not represent those of either Principal Pnb or Reuters)

The one thing common across Asian tiger economies, including China, is that all of them have had to give up political liberties to achieve economic freedom. The situation in India is just the opposite.

Nowadays, it seems difficult to avoid an animated discussion on corruption, inflation due to our inability to drive a consensus for reforms and muster up the political will to enforce governance. Some mourn the beginning of the end of the India growth story.

A few hours into any cocktail party and lo behold the panacea for all India’s ills emerges: a baton-wielding authoritarian ruler.

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