INDIA: After the Euphoria

When Indira Gandhi mounted the sandstone ramparts of Delhi's Red Fort last week to deliver the traditional address marking the anniversary of India's independence, the heavy monsoon sky was a somber gray. But at least it provided rain and relief from a disastrous two-year drought. That was more than Indira Gandhi and India's 575 million people could hope for concerning the nation's social and economic outlook.

The country is in the midst of its worst crisis in 26 years of independence.

Only Prime Minister Gandhi herself seemed to be unaware of this. She...

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