Context: India's 20-year delay in going for much needed economic reforms during 1991 had been a humanitarian nightmare. Understanding such delays will play a crucial part in the future well-being of the economy.
Failure of economic reforms:
Lessons for India through its journey of economic reforms:
Conclusion: Current leadership should re-focus the government's attention away from the "entitlements-based" approach of the past to a clear jobs-driven agenda in order to reap benefits of demographic dividend.