Opinions

As the long-pending privatisation of Air India concludes, with Tata Group winning the bid for the airline on Friday, India is on the cusp of an inflection point with huge global ramifications. This is not just because Indian policymaking has lately been exhibiting unprecedented resolve and zest, but also because of what is happening around the world. Of particular note is Chinese President Xi Jinping’s apparent determination to make the most drastic economic policy reversals in decades.