The new order of the day will be to increase revenue per employee, truly achieve non-linear growth and capture new forms of digital work. But even this will be a difficult task.
To seal a durable path to political longevity, Modi has to use his authority to roll back political divisiveness and focus on jobs and growth. He has to live up to the ‘sabka saath, sabka vikas’ slogan by speaking up when the fringe erupts.
With the BJP winning in assembly polls on divisive and emotive issues, the government seems convinced all is well with the economy.
The Modi government’s failure on crucial development fronts such as farmer incomes and job creation may hold the key in understanding the rapid shift in narrative from human development to nationalism.
With the re-calibration of economic globalisation, there may not be any merit, per se, in being the “most open economy in the world”.
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