This defines a visionary moment as the country chooses 'pooled sovereignty'

The tax reform is expected to transform the business landscape but will test India's weak administrative capacity © AP There are rare moments when a nation will do the sensible thing despite itself. Such a moment will come this weekend when India introduces the most far-reaching tax reform in its history.

Three years ago, I took a risk and voted for BJP for the first time. And today I ask myself, was it a risk worth taking? At the time, I had been worried that India had a narrow window of opportunity called the ‘demographic dividend’. If we elected the right candidate, prosperity would enter crores of lives, and in course of time India might become a middle-class country. Our opportunity came from being uniquely young; if those in the productive age got jobs, there would be gains in prosperity far outweighing the burden of supporting the old and the very young.