February 23, 2011
CGD senior fellow Arvind Subramanian helps explain the ideological underpinnings of India's Congress party in this piece by the Business Standard.
From the Article
Larry Summers, the recently departed Chairman of US President Barack Obama’s National Economic Council, posed the following question before his trip to India last November: “What is the self-perception of the Congress as a political party?” In fact, this broad question provokes three specific ones in the domain of economics. Is the Congress the party of Jagdish Bhagwati or Amartya Sen; Nehru or Indira Gandhi; or Aruna Roy or Nandan Nilekani?
The upcoming Budget provides an excuse to reflect on these questions. Responses to them should underpin the specific fiscal policy choices and broader economic policy priorities that feature in the Budget. Consider each in turn.