Why
India sptes Spar
s Standart tina?
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In 1980, British Prime Minister Margaret Thatcher coined a phrase that became famous all over the world. Speaking of the radical reforms that her government had introduced—reforms that broke the back of the trade unions, curbed inflation and vastly improved productivity—she said, “There’s no easy popularity in what we are proposing, but it is fundamentally sound. Yet I believe people accept there is no real alternative." The phrase, there is no alternative, became the acronym TINA, which was widely used while arguing the case for free markets. But in 1980, it was first mooted at a time when the UK was mired in a deep recession, with very high unemployment. India is now at a TINA moment. In the coming general elections, the economy just cannot afford more populism and continuing uncertainty
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