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The popular decimation of India's democracy
Oped, Pranab Bardhan, Published on 18/05/2024
» India's ongoing parliamentary election, in which nearly a billion people casting their votes over a six-week period, should represent an extraordinary exercise of democracy. The bleak reality, however, is that the election appears poised to consolidate a decade-long process of democratic decay, which has included the decimation of liberal institutions and practices and weakening of political competition. After all, the leader who has presided over this process -- Prime Minister Narendra Modi of the Bharatiya Janata Party (BJP) -- remains wildly popular.
Unmasking India's crony capitalist oligarchy
Oped, Pranab Bardhan, Published on 17/02/2023
» The recent accounting fraud and stock manipulation allegations against multi-billionaire Gautam Adani made by Hindenburg Research, a New York-based short-selling firm, has startled the financial world. The episode is a necessary reality check for those who are expecting India's star to burn brighter in the global economic firmament as China's dims.