When does a country reform? - The Economic Times

India's recent reforms, including GST and labor code changes, were driven by external pressures, not domestic crises. Historically, India reforms only when inaction becomes too costly. With external pressures easing, the crucial driver of reform is fading. The article argues that for future reforms, especially in land and labor, commitment must be manufactured through institutions that prevent policy reversals, citing the RBI Act and IBC as examples.

Raccontata daeconomictimes.indiatimes.com