After the mammoth seven-phase Lok Sabha elections, India will transition from the poetry of campaigning to the prose of performance.
Contestation is intense in this election, and the incoming government – irrespective of its composition – will be under pressure to perform. Hopefully, economic reform will be a priority.
Experience tells us that just getting the state out of economy’s way by lowering entry barriers and opening markets is not enough. The government must make deeper institutional changes in the way it defines and performs its functions.