How economic uncertainty promotes reforms..

Well uncertainty has its virtues as well. Most politicians are seen to usher changes when times are tough and highly uncertain. This actually has become pretty much the wisdom in India. You have to wait for things to become really bad before changes start to happen. And most of the times, the changes are really simple but are pushed as big bang, that one ends up tearing his/her hair.

Alessandra Bonfiglioli and Gino Gancia have a piece on the topic:

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