Did you know that a recent survey found that "in urban India, ... 89% are supportive of international trade, 73% are supportive of foreign companies and 75% are supportive of free markets" ? These figures lead Nitin to conclude:
... At least 7 in 10 Indians you’d meet in cities, it turns out, are free market fundamentalists.
Not so fast, Nitin! Here's a tiny byte (aka a bit) of reality for you: In the last decade, there have been several occasions when the Indian government tried to 'free' the price of LPG aka cooking gas. The arguments against gas subsidies are so solid that letting LPG price 'float' to its 'market-clearing price' is unquestionably the right policy -- at least according to economists and government officials. Even at the market price, LPG would continue to be affordable to the middle class, which presumably forms the bulk of the "7 out of 10 Indians ... [who] are free market fundamentalists". Now, just ask yourself: why is it that the government hasn't been able to make even a minor dent in the big, bloated cylinder of LPG subsidies?
A quick summary of that reality byte would read: "Revealed Preferences." In plain English, I believe it would read: "Talk is cheap."