The calamity of 1991 led to liberalising reforms that ended decades of stagnation and allowed a spurt of fast growth in Inda. This latest brush with disaster could produce a positive legacy, too, but only if it persuades voters and the next government of the importance of a new round of reforms that deal with the economy’s flaws and unleash its mighty potential.  Corruption is rampant.  Global markets are jittery and this is an election year.  India’s Problems