As economic growth slows, is India losing its way?

Asks the Economist.

It seems like the debate didn't do much to change the overwhelming opinion:

As I have noted more often that I would like to:

It used to be said about Argentina that if ever the government could do the worst thing at the wrong time, well, the leaders made sure they didn't waste that opportunity and, thus, for decades, the country has terribly underperformed.  In the years before WWII, Argentina was thought of as the next and Rostow felt so convinced by the data that he pronounced that the country was ready for one huge but delayed takeoff.  Instead of taking off, it has been a series of North Korean launches, it seems like!

India is not that far behind Argentina in that respect.  In the post-recessionary world, with Europe in one heck of an economic mess of its own, and with the US over-expended, one would have thought that India would have capitalized on the opportunity.  After all, unlike China, which relies way too much on foreign demand while severely restricting internal consumption, India has a robust internal demand for goods and services and can, thus, insure itself against the vagaries of foreign trade.  But, the country is so keen on going the Argentine route.  

It seems like there is a new scandal or a new low from the dysfunctional government headed by a prime minister who has never been elected to the parliament via the popular vote.  Talk about the obsession to snatch defeat from the jaws of victory!

Soon it could be back to the Hindu rate of growth, along with the traditional "chalta hai" atttitude.

Even worse, people could get so pissed off that they could make this mad-man their next prime minister, who will then have only a restricted visa to visit the US similar to how Ahmadinutjob can merely visit the UN building?