Business Standard

<b>Arvind Singhal:</b> Bad news is good news

MARKETMIND

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Arvind Singhal New Delhi

Is this the end of the dream run many in the country have been a part of (or at least witness to) in the past five years or 15? Is there any silver lining at all at the edge of the dark clouds that seem to have taken off a lot of sheen from what till a few months ago was a resurgent India? Though ironical it may sound to many, I believe that almost all of this apparently bad news is good for India and may be good for a majority of Indians in the medium term.

 

The euthanasia of the current UPA government is probably the most humane end to the misery of its much-weakened leader and the comatose cabinet he heads. In more than four years of existence, the incumbent executive leadership has given short shrift to just about every policy reform sorely needed, has turned a blind eye to the decimation of many of the critical social and physical infrastructural imperatives such as education, healthcare, highways, power, law and order, and cultural freedom, and overtly or covertly accepted unprecedented levels of corruption at the highest echelons at the Centre and the states as a price to pay for buying a few more months of survival each time for the leading constituent of the UPA to enable it to maintain the fa

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First Published: Jul 03 2008 | 12:00 AM IST

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