New Economic Measures and their Political Fallout in India

Policy Study

Threatening clouds were looming over Delhi on account of the government’s decision to allow foreign direct investments in multi-brand retail, aviation, energy and public broadcasting. There was danger of a political cloud burst. Whispers in the corridors of power of India’s capital hissed of a fall of government. For all the thundering and darkening of clouds, the imminent tempest gave the capital a miss. This article by Klaus Julian Voll, FEPS Correspondent in New Delhi and advisor on Asia, and political analyst and historian Kamakshi Nanda, charts the political developments surrounding this policy change and looks to the near future for further interesting developments for the world’s largest democracy.