Union Finance Minister Arun Jaitley, speaking at an ASSOCHAM meeting last week, made an important point about the nature of governance in India that deserves to be examined carefully — especially as it may be central to the Narendra Modi-led National Democratic Alliance government’s pitch for re-election. Mr Jaitley mentioned the swift action taken by the government to replace the independent directors in the Infrastructure Leasing & Financial Services (IL&FS) crisis as an example of how strong leadership operates. This was a sign, Mr Jaitley argued, of how essential a strong government was: “If this path of high growth is