A policy on paper may convey a grand vision. The key, however, is its successful implementation. Ground realities must be taken into account before making path-breaking policy announcements. The failure of the NDA has been its inability to anticipate pitfalls in implementing policies. Demonetisation, without understanding its likely consequences, proved to be an unmitigated disaster. The same applies to a flawed GST.

Click here to read the full article, in The Indian Express