Indian economy

A moderately ambitious India

Lastly, the general impression I take away from this budget is the realisation of a party in power which has figured out a way to win elections in India that’s not contingent on strong economic performance. So long as you don’t screw up the economy badly, a combination of emotional issues and timely welfarism (direct cash transfer just before elections is a new, powerful tool now) should see you through most elections.…