The Brexit vote, and the viability of Trump as a serious presidential contender in the US, has upended these smug certainties. In India, unlike Anglo-America, the embrace of liberal economic ideals, starting in 1991, was a matter of pragmatism and not of ideology. But the Brexit vote and the political crisis following it should force us to rethink this proposition. Many commentators, including your columnist, have decried the fact that economic reforms in India, originating in 1991, have occurred in an ambiente of crisis and, therefore, have not carried ideological conviction. Every fortnight, In the Margins explores the intersection of economics, politics and public policy to help cast light on current affairs.

Source: Mint July 03, 2016 18:11 UTC