A week after Prime Minister Narendra Modi resolved to unleash politically difficult reforms from the ramparts of Red Fort, his government was forced to walk back its move to laterally induct domain experts in the bureaucracy. And this despite being a policy trend for decades. There couldn’t be worse optics.
Effectively, those backing status quo—within and outside government—have given another bloody nose to the government. Worse, they have successfully railroaded reform. Is this going to be the trend for the next five years? Is India at a greater risk of falling into the middle-income trap?
To answer all this and more, StratNews Global spoke to Rajeev Mantri, Founder and MD, Navam Capital.
