Time to Bring Mahatma Gandhi Back
Many believe that the unexpected landslide victory of India's Congress Party – with its commitment to secular values, economic growth, and helping the poor – provides a mandate to transform India into a great power. But, while the economic trajectory that Congress is plotting may well boost short-term growth, it is ultimately on a collision course with equity and sustainability.
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NEW YORK – The Congress Party’s unexpected landslide in India’s general election was greeted with euphoria. Many believe that Congress – with its commitment to secular values, economic growth, and helping the poor – now has a mandate to transform India into a great power. Business and financial interests, in particular, are delighted with the outcome, crowing about the bonanza about to be unleashed as Congress liberalizes India’s economy further.