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Stability in India after polls is crucial for economy: Expert

Published on Mar 24, 2014 8:08 PM
 
Canvas banners printed with logos of Indian political parties are pictured at a processing house ahead of elections in Ahmedabad on March 24, 2014. India has reached government fatigue with the present administration and a sense of stability after elections is crucial for its businesses and the economy, said Mr Claude Smadja, an observer of India and co-chair of The Growth Net, a three-day forum being held here. -- PHOTO: AFP

NEW DELHI - India has reached government fatigue with the present administration and a sense of stability after elections is crucial for its businesses and the economy, said Mr Claude Smadja, an observer of India and co-chair of The Growth Net, a three-day forum being held here.

"A change in government might be seen as necessary to revive the energy in the country," Mr Smadja told The Straits Times on the sidelines of the forum. "In every country in the world at some stage when a party has been in power past a certain time, you have government fatigue. India has reached that limit."

"India's economic performance has been sub-par compared with its potential," he said.

While external factors have had a negative impact on the economy, India still could have been doing much better, said Mr Smadja, who describes himself as a foreign observer of India with a long association that began in 1972 when he covered the Bangladesh liberation war as a journalist. Since then, he has been visiting India regularly, sometimes six to seven times in a year.

 
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