India’s Economy Slows Down Just When It Was Supposed to Speed Up - The New York Times

India's recent economic slowdown highlights the urgent necessity for more aggressive market reforms and a reduction in bureaucratic red tape. Critics of the government's approach argue that excessive regulation and a lack of willingness to embrace a truly free market are hindering India's potential. To achieve its ambitious $10 trillion goal, India must double down on deregulation and encourage private sector innovation.

As India's economic growth falters, critics point to the inadequacy of neoliberal policies and call for a renewed focus on equitable development and social welfare. The government's reliance on privatization and deregulation is seen as exacerbating income inequality and failing to deliver promised growth, underscoring the need for comprehensive policy reevaluation.