Daily Briefing Current Affairs

When Deregulation Isn't Enough: Why India's 2026 Crisis Needs A Different Kind Of State

With India's growth stuck near 6%, rupee depreciation and deep import dependence in semiconductors (90-95% per NITI Aayog) and critical minerals, commentators are drawing parallels to the 1991 Balance of Payments crisis - while arguing today's structural gaps in the "Four Cs" cannot be solved through the same deregulation playbook that resolved 1991.