The state of the Indian economy for the last three years has been one persistently embroiled in high inflation, high gas prices, a declining currency, crumbling infrastructure, etc. On top of everything, the current Congress Party, which has been the ruling political party for the past decade, has been hammered with a slew of corruption scandals amounting to tens of billions of dollars. It seems that the Indian economy could only continue its down streak, however, a recent by Goldman Sachs has stated that the country will see better days. The report states that the world's largest democracy has room for tremendous growth based on several factors: a young population, a strong sense of savings, economic reforms that will accelerate infrastructure projects, and most importantly a bet on India's possible prime minister, Narendra Modi. Narendra Modi is currently the opposition candidate for the premiership and is often credited for turning his state of Gujarat into the most economically developed state in the country. It seems possible that India may even take over China as the world's fastest economy. Regardless of exact times, the Indian economy will improve and it seems that the deplorable state of affairs is only temporary.
If India's economy does in fact improve what will be the tangible benefits for it's people? As you mentioned in your post there are billions of dollars in corruption scandals that diverting resources from the public and into the pockets of politicians and their cronies. While this is not a new saga the fact that India is the world's largest democracy is. Does this position at the top affect their ability to effectively govern democratically that entire country, or is India simply to big? You mentioned that one of the potential prime minister candidates was able to run the economy around in his own state, but what evidence is there that he will be able to do this on a national level. India does not seem to have the same amount of control that the Chinese government has on their country/economy. Does this mean that India will not be able to manage its resources effectively or can a democracy that large thrive by creating a equitable society and a flourishing economy?
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