The changes mentioned above will deliver sub-par results when we have a democracy that is perpetually in election mode and political thinking is short-term in nature. This is despite visible political stability, with 10 years of the United Progressive Alliance followed by (an expected) 10 years of Modi at the Centre. Many parties at the state level have also been in power for many terms, but this stability has been fiscally destabilising. Politicians are financing their election or re-election campaigns at public expense, as we saw recently i