An external crisis, internal opportunity: What PM Modi's austerity call really means
India, May 21 -- When the Prime Minister addressed the nation from Hyderabad earlier this month, the headlines wrote the surface message: work from home, cut fuel consumption, brace for impact. Commentators reached for familiar vocabulary - import vulnerability, current account pressure, rupee at the edge. The doomsday machinery ran efficiently.
What got lost in the noise was the implied message. The one embedded inside the first. Not the crisis-management directive, but the structural argument: that India's next phase of growth cannot be borrowed from the global cycle. It must be built from within.
That instinct to look inward and build domestic resilience is the correct one. What this moment demands is that it be translated into a spe...
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