2 out 3 Govts lose polls in India: Economic analyst Ruchir Sharma


NEW DELHI, September 23: India has the highest rate of anti-incumbency in the world, says economic analyst Ruchir Sharma, who also argues that there is limited connection between economic development and election results in the country.
While one fact reflects the strength of India’s democracy, the other points to its drawbacks, said the New York based columnist and economist.
“Two out of three governments get thrown out in India. In America, the number is just the opposite — two out of the three get elected.
“That to me is a good news in the margin because it means that despite the money and muscle power of the incumbent… they keep losing elections and this is something very empowering for the average voter who knows that come election time and I will get my revenge,” Mr Sharma said.
His new book “Democracy on The Road”, which is expected to hit the stands in February ahead of the 2019 elections, claims to provide an insightful account of how Indian democracy works, using elections as a lens.
So what makes the Indian people change their leaders so frequently, especially when compared to other parts of the world?
According to Mr Sharma, it is because the longer leaders stay in power in India, the “more arrogant” they tend to become, giving birth to the “entire feeling of let’s keep changing the leaders”.
“The moment they are in office you can see the arrogance building, they are surrounded by 100 sycophants around them, everyone is praising them… they live in a bubble that people are following them,” he added.
This “let’s keep changing the leaders” feeling among voters is an example of what works with Indian democracy. (PTI)