Well into its sixth year of rule at the Centre, the Narendra Modi-led government’s economic policymaking style reveals a trend that is as problematic as it is puzzling. It is problematic because it fails to recognise the inherent weaknesses of its decision-making process and therefore fails to address them to minimise or eliminate their adverse consequences. It is also puzzling because these weaknesses are there for all the government’s top political leaders to see and yet nobody as yet seems to have got down to the obvious task of removing the shortcomings.
At the heart of this problem lies the
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