While many reasons can be ascribed to the steep economic downslide, one major factor has been the sharply deteriorating internal security situation which has shied away internal and external investments and imposed caution in the business environment of the country.
A secure internal security environment is a must for economic growth. The phraseology 'internal security' is being used in this article instead of 'law and order' because of external players and the level of violence in the country. Internal stability has been eluding the government due to jihadi terrorism, Maoist terrorism, insurgency, mob violence, and motivated, orchestrated NGO protests that threaten or imply violence.
In the recent past there have also been no less than half-a dozen communal riots in the heartland of India, which the media has chosen to ignore.
Given the symbiosis between security and economic growth, an appraisal of the prevailing internal security environment in the nation leads to some searching questions.
Image: Traders cover their mouths with black cloth and handcuff themselves protesting against the government's decision to allow Foreign Direct investment (FDI) in the retail market during a rally in New Delhi on September 27, 2012.
Author: RSN Singh