Never Underestimate the Magic of Coalition | State of Politics in India

BJP has to deal with the whims and fancies of Chandrababu Naidu and Nitish Kumar for the next five years. "Ohh, that's gonna slow economic reforms!", exclaimed many people. Some expressed through writings, comments and interviews while some crashed the stock market. Well, it seems they do not understand how the country - its politics, bureaucracy, politicians and economy - works. This video is a reminder to everyone that we have seen better reforms and economic growth under coalition governments than a majority. So, no, reforms are not going anywhere. Yes, the pace might slow down a bit and that's the function of democracy, right? I would say, a healthy function. Also, the increased role of coalition and opposition is necessary for the country like India, where institutions are less developed. I believe there will be slew of reforms under this government. I would add another layer to it. I believe that this government can (if it wants to) bring some of the toughest economic reforms like land and labour if it keeps its eyes, ears and arms open. Let us wait and watch. #india #government #politics #institutions #coalition #nda #bjp #modi #amitshah #chandrababu #nitishkumar #tdp #jdu #congress #manmohansingh #vajpayee #devegowda ----------------------------------------------------------------------------------- ⏱️ Time Stamps 00:30: History of reforms under coalition governments 01:37: Vajpayee's response highlights the essence of 'continuity with change' 03:30: Modi's biggest failures with reforms in the last 10 years 04:38: Coalition dharma & parliamentary debates will bring more reforms 07:40: How does India maintain checks and balances? Politics over institutions 11:10: Modi 3.0 will be more of the same 11:51: Targetted welfarism 12:24: Inflation management 13:47: Focus on capital expenditure 14:45: Fiscal discipline 17:20: Modi failed to bring many reforms despite the majority ----------------------------------------------------------------------------------- Sources: Who’s afraid of coalition governments?, Deccan Herald - https://tinyurl.com/3bav4hks Why India’s Political Reset Isn’t a Growth Killer, Bloomberg - https://tinyurl.com/nhfumrfv Coalition rule could be good news for the Indian economy, Nikkei Asia - https://tinyurl.com/3b86sf3m Ep 285: The Life and Times of Montek Singh Ahluwalia, The Seen & The Unseen Podcast - https://tinyurl.com/45etn6ef ----------------------------------------------------------------------------------- 👉🏼 Follow Me on - LinkedIn - https://www.linkedin.com/in/swapkar Twitter - https://twitter.com/Swap_Kar Instagram - https://www.instagram.com/swap_kar/ Blog - https://econgullyblog.wordpress.com/ Support the channel - https://donate.stripe.com/3cs2aD26u4bB5UYeUUhttps://tinyurl.com/3bav4hks