Editorial Board
Rejuvenating India’s Growth
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Is India’s growth miracle coming to an end? Sadly, and despite the nation’s vast untapped potential, the answer may well be yes.
Prime Minister Manmohan Singh had a chance to dispel the pessimism on Wednesday, and wasted it. His address from New Delhi’s Red Fort to celebrate India’s 65th birthday as an independent nation was a moment to convince the country of the need for a new round of economic reform, the cause he first championed 20 years ago as finance minster. Nobody was surprised that the speech was low-key: Singh is calm and quiet to a fault. Even so it was a letdown. Heavy on generalities and devoid of details, it conveyed no sense of purpose or urgency, two things India badly needs.