In a positive development for India, the suddenly popular Sonia Gandhi has agreed to step aside, recommending Manmohan Singh to take her place. Singh, widely described in news reports as "the architect of India's free-market reforms of the early 1990s," is an Oxford-educated economist. When the election results came in earlier this week, I suggested that one of the big questions was whether India would continue the fast pace of economic reform. While the pace remains uncertain -- after all, the Communists are still part of the ruling coalition -- but forward progress seems more likely than it did a few days ago.
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