Swaminomics: Why Zomato IPO is reason for cheer

Indians celebrating 30 years of economic reform must cheer this remarkable outcome. It denotes a new class of businesses with no great inherited wealth, connections to the political and social elite, dubious links with the mafia and corrupt politicians, or dependence on loans from public sector banks based on telephone calls from the Finance Ministry or PMO. These are the children of liberalisation, not of the wealthy.