Elephant in the Neighbourhood: India in New South Asia
Over the last week, the shape of the new Indian administration has become clearer. It did emerge that the leadership of the Congress party is ready to do some fresh thinking, and they are fully using their mandate to take some strong decisions which were long overdue. Unlike the recent fresh faced administrations in the United States, Bangladesh or Pakistan, the new Indian administration does not start with a burden of a huge expectation. So far, they have used this to an advantage and delivered, or at least appeared to be delivering, more than what was expected, booting out the incompetent and the corrupt, reigning in undisciplined allies, projecting a national agenda over regional populism, and instilling a sense of new initiative and direction. Next few months will affirm how much of this will hold the momentum and make a difference. For the moment, however, it seems okay to enjoy a sense of new urgency. We have already seen that in Finance, where, if rumours are true, the governme...