A half-hearted cabinet reshuffle is an inadequate response to the crisis of governance created by rampant food inflation and the corruption allegations that have slowed policymaking in India. Prophecies of doom are premature, but investors will need to keep a close eye on political developments in the coming months to gauge whether the government will succeed in fighting its way out of this crisis with a renewed focus on crucial economic reforms. Failure would further erode the...
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