BUDGET MISSES A BIG OPPORTUNITY
Praful Bidwai
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2010-03-09 08:35
The United Progressive Alliance was re-elected to power with a greater majority in 2009 primarily because it promised inclusive, equitable growth benefiting the aam aadmi. Its victory stood in sharp contrast to the National Democratic Alliance's rout in 2004, which was attributable principally to the Gujarat pogrom and its strident “India Shining†campaign, which claimed that GDP growth without equity is fine even though it did little for ordinary people. As the conservative Right-wing Economist magazine put it: the UPA was “returned to power with a mandate that did not include [neo]liberal reforms, which most Indians mistrustâ€.