BJP risks losing urban support

Economic reforms in India are usually achieved at gunpoint. It was the horrible balance of payments crisis and the emotional effects of the mortgaging of the country’s gold reserves that facilitated the historic process of deregulation by the Manmohan Singh Government in 1991. Seven years later, it was the wave of global sanctions after the Pokhran-II blasts that propelled the Atal Bihari Vajpayee Government into using reforms as a weapon to neutralise the West’s hostility to India.

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