Anaemic growth must certainly be worrying the government but there is another reason the government should be anxious: The telling silence of India Inc.
This section of India’s noisy democracy is assuredly less vocal and a lot more circumspect in its public comments about the government, rarely venturing criticism but also seldom restraining itself from fulsome public praise. The intelligentsia routinely and rightly dismisses the latter as the sycophancy of a constituency that still depends quite heavily on government policy for its fortunes.
Looked at another way, however, talking corporate heads are also a barometer of the business community’s engagement
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