Back to the past? Not so easy this time

Invoking and exorcising the ghosts of 1991 has become fashionable. Everyone, including the prime minister, has taken pains to point out how much better off India is in 2013. Indeed, that is true on the basis of multiple indicators. One can however, point to some nuances, that actually make change more difficult to initiate in 2013. The biggest difference perhaps, is that external trade has multiplied.

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