“India needs its Thatcher moment” warns Gurcharan Das, expert keynote speaker
Gurcharan Das, an expert keynote speaker on Indian economic development, recently wrote in the Financial Times that Modi needs to give India its Thatcher moment and initiate institutional reforms.
Gurcharan guides the reader through his own reasons for why he voted for Modi. After weighing the risks of choosing a “sectarian leader who might undermine secularism,” and who has also been argued to be “authoritarian,” Gurcharan “concluded that there was a greater risk in eschewing Mr Modi than in voting for him.” This follows the promises Modi made to change the way India is run, “by investing in infrastructure and skills training; cutting red tape to encourage private investment; eliminating unproductive subsidies; and tackling corruption.”
Gurcharan goes on to argue that India “is a discontented and politically troubled nation, similar in some ways to Britain in the late 1970s with high inflation, declining growth, high fiscal deficits and a government in denial. Britain yearned for a strong leader then, and in Mrs Thatcher it got one. In Mr Modi Indians, too, have chosen a strong leader.”
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