
One of the Biggest Economists from the BJP side is talking about Same reforms I was talking about last year. I got Downvoted to oblivion by Both Left and right.
Short recap:
- The writer says the BJP is winning politically but not delivering equally strong economic outcomes.
- India’s GDP is growing, but the article argues this growth is not exceptional compared to peer countries and per-capita income growth is more modest.
- It highlights concerns about investment, exports, manufacturing competitiveness, and foreign investment (FDI) as key drivers of long-term growth.
- The author criticizes government policy for relying on short-term fixes (“band-aids”) rather than deeper structural reforms to make India more attractive for domestic and foreign investors.
- A major criticism is policy uncertainty and legal/regulatory issues affecting foreign investors, including changes linked to investment treaties and dispute resolution.
- The article concludes that electoral success should not be mistaken for economic success, and warns that India risks slowing momentum unless investment conditions improve.