Shekhar Gupta: Money has lost its morale

The economic crisis can be fixed only with genuine, brave reform. If this Modi govt can't do it, it will confirm fears that it has lost its mojo

It isn’t an expression our political class likes to use often, but there is talk every now and then to unleash the animal spirits of Indian entrepreneurship. Manmohan Singh and later Jaswant Singh (as Atal Bihari Vajpayee’s finance minister) are the only leaders we’d recall having appealed to these instincts from corporate India. This Modi government too has tried lately to do so, in its own words.
 

In his Independence Day speech, Prime Minister Narendra Modi did some reaching out to India’s “wealth creators”. He said his government respected them and acknowledged that they also made an essential contribution to