May 26, 2004
The Times of London gets it wrong
Days after the election results, people are still trying to figure out why the experts and analysts were wrong.
This analysis from the Times of London is one of those that reach the wrong conclusion. The vote was not anti-capitalist per-se. The rest of the country wanted what the BJP was advertising but not delivering.
He suggests that even with Dr. Singh at the helm, "support for market-oriented development, along with free trade and globalisation, may be less deeply rooted in India and other poor countries than Western economists and pro-Western local businessmen, financiers and politicians find it convenient to believe."
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