Debunking the myths & debilities: High aspirations from the newly elected government in India

The hopes and dreams of an aspiring new middle class have been affirmed for the first time in Indian history after the formation of the newly elected government in our country. Following the pre-election agenda – “change you can believe in, future of the youth is open, not pre-determined, and can be altered by their own actions”- we now need a new vision for the Indian economy, and it is going to take all the political and economic skills of the new Prime Minister and his economic team to formalize, articulate, and realize that vision. We should be able to pave the way for robust growth in our economy, based on solid foundations, not the ephemeral debt-based growth. For this, I intend to recount some of the myths that have been so powerful in shaping, or misshaping, our economic policies that it is worth summarizing in this essay.