Narendra Modi’s approach to economic issues has changed, the dividing marker being the 2019 re-election with an improved majority 21 months ago. Having also gained control of the Rajya Sabha, he has become progressively more ambitious about pushing through long-delayed economic reforms, confident enough to change direction if needed, and willing to challenge the conventional wisdom. His government’s bold announcement of a sweeping privatisation policy (sell or close all non-strategic government companies) follows the replacing of restrictive labour laws and the opening up of agricultural marketing. Touchy subjects, all of them.
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First Published: Fri, February 12 2021. 19:40 IST