Need for still more reform awaits winner of Indian elections

04/11/2014
A question larger than who wins elections in the world’s fourth-ranked oil-consuming country is how much difference the outcome might make. Elections in India opened Apr. 7 and will continue through May 12. An overarching issue is reinvigoration of a once-booming economy with a growth rate down by half since 2010. A candidate leading in at least name recognition is Rahul Gandhi of the Congress Party, which founders in its second term atop the governing United Progressive Alliance after having been restored to power in 2004. Economic drift has shaken popular confidence in Gandhi’s party and Prime Minister Manmohan Singh, a designer of the liberalization effort begun in 1991. Worse, scandal...
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