Letters: Modi at a crossroads

Image
Business Standard New Delhi
Last Updated : Apr 29 2014 | 9:32 PM IST
When I lived in India in 1992, it was clear the country was at a crossroads. The economy stagnated but it had been depressed for a long time; communal violence lurked around every corner. The Congress led a government that started to abolish the Licence Raj system, the economy soared, and India prospered. When an economy grows there is room for everyone to benefit. The economy is still growing but it cannot keep up with the growing expectations - many people in India realise that it should do even better. The Congress seems unable to accomplish this; Narendra Modi's Bharatiya Janata Party seems more capable.

Being in India again, not as a student but accompanying a group of students, it seems that India is at a crossroads once more, communal violence still prevails. My sense is not, however, that a Congress-led government will prevent such violence, but can merely postpone its eruption. An economic policy that emphasises claims and rights tied to positions, rather than merit, is reaching its limits.

Modi may be even better at preventing communal violence than the Congress, and not just spurring economic growth. Despite his role in previous episodes, Modi at least has legitimacy when controlling such violence. But as the prime minister, Modi cannot avoid disowning some old friends publicly. He is as much as at a crossroads as the nation. Should Modi fail at this, which is not unlikely, foreign investors will soon find out, as will local business entities, that running a business without being a statesman will not work if you are running the country. Everyone will look at how Modi treats the press as an early sign of things to come. Decisions on investing and divesting will also hinge on this.

Wilfred Dolfsma Groningen

Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 29 2014 | 9:01 PM IST

Next Story