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surjit s. bhalla A Senior India Analyst for the Observatory Group, a New York based macroeconomic policy advisory firm and Chairman of Oxus Research & Investments. Surjit has taught at the Delhi School of Economics and served as executive director...
This election was the first since slow economic growth was apparent and in the data. A slow economy, however, was not the only factor — after all, in Himachal Pradesh, the BJP won by a large margin.
For whom will the Gujarat election toll – a confident BJP or a reviving Congress? The opinion polls suggest that Gujarat may not be a Rahul Gandhi moment.
It was about both politics and economics. It is an acknowledged political success and early ‘returns’ indicate an economic success story as well.
The old elite won’t give up their privileges easily. They will try to derail the structural transformation happening in India and object at every turn.
It is politics that best explains the phenomena of farmer riots amidst growing prosperity.