Trend news and current expert opinions are very confusing. You have a significant improvement in agricultural growth, and it has roots in two major states: Madhya Pradesh and Maharashtra. You have an economy that has slowed since June 2016 and that inflation is now at historical levels, and there are economic experts claim that the RBI / MPC decisions were valid because the MPC looks wise beyond “temporary decline “Of inflation to 2 percent caused by demonetization.
One of the main goals of demonetization was to reduce the role of cash transactions (read black money). However, if one wants to believe that the title of experts, the volume of digital transactions contracts. What we are seeing in India is a historical transformation – which rarely occurs in most countries. It never happened in India before, never. But what is happening now? It is a change of guard – more correctly, a change of elites.
The most critical factor in Indian politics since independence in 1947 until the birth of the Modi government in 2014 was that the same elite dominated the country. Regardless of its political affiliation, this elite was largely the same political and economic philosophy, characterized by social liberalism and Fabian-style Western-style socialism. In addition, traditionally, the elite was strongly anti-American. The dominant arm of the elite was,
The dominant arm of the elite was, of course, Congress, which was in power from 1947 to 2014, but only for 13 years (1977-1980, 1989-1991 and 1996-2004). And with the exception of five years (1991-1996), a Gandhi family head was the PM or the person (as was the case in 2004 until 2014, when Manmohan Singh was the prime minister, but Sonia Gandhi was in control).
The influential press in English shares the basis of the World Vision Congress. Therefore, they could not believe that Modi, a blatantly Hindu leader won in 2014. There was a parallel belief that the BJP could not win in the highest state of Uttar Pradesh (UP) in 2017. Although surely, raising a new cosmology represented by Modi was not a phenomenon at night because things were moving slowly. From Narasimha Rao, India began to move away from the strong state presence in economic activities. Economic reforms (particularly in an industry) were introduced in 1991, fiscal reforms in 1997 and the start of divestment in 1998. With the signing of the nuclear agreement with US President George Bush in 2008, the first important step for the field American was taken by India.
Over time, however, it became increasingly clear that the old elite had not realized and respected that India had changed the illiterate and extended feudal order when the Nehru dynasty took control. There are complex factors that feed on explaining the growing distrust of the public in the old elite, but we can emphasize that the level of security of education means greater Indians; The old elite has mismanaged the economy – and power has corrupted the old elite.
Indians ask more questions and demand accountability more dynastic political leaders. But the old elect – politicians, corporations, leftist intellectuals, academics – can not lose their privileges just as easily. It will try to make transformation and purpose fail at every turn: if this means a false analysis, they will. If that means mental gymnastics, they will. The essential point is that they should.