/
•
•
A range of issues, ranging from locational to global, seem to have stymied the bourse’s journey to supplant Mumbai as the diamond trading capital of India.
Fiscal discipline holds on paper, but the number is propped up by higher borrowing and revenue sources that are far from stable.
It’s never a good sign when your foreign minister needs a lobbyist to meet US officials. The recent events signal a breakdown in the Modi government’s ability to operate in today’s Washington through its own machinery.
It is the logical consequence of foreign policy built on a decade of illusion rather than the realities of power. The question is whether anyone in the government has the courage to admit it.