Privatisation: But from which PM Modi?

After seven years, Prime Minister Narendra Modi has suddenly re-emerged as the Vikas Purush, which was to be his original mojo. In two separate speeches in Parliament, he has used words that would bring tears to those with a religious devotion to the wonders of capitalism and privatisation. One, “the culture of abusing the private sector is no longer accepted” and, second, “can babus do everything … what type of capability have we acquired by handing over the country to babus?” To this, Sanjeev Sanyal, principal economic adviser to the finance ministry, tweeted: .....

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