A surge in populist policies and government interventions has sparked concerns that Asia’s third largest economy is turning its back on liberalisation. The moves follow on from the failure of the ruling Congress party to execute successfully economic reforms or communicate their potential benefits to the masses. With slowing global growth, rising protectionist sentiment, and populist pressures due to looming elections, the risk that India’s liberalisation will stall (or even reverse) is greater than ever.
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