Arvind Subramanian describes issues of populism and economic development surrounding India's elections.
Excerpt: In India's first election in 1952, as legend has it, one election booth was visited by an elephant and two panthers but no voters. Over the next few weeks, more than 700 million voters -- many of them poor and uneducated -- will mark their ballots in India's 15th parliamentary poll. There will even be one polling station to cater to just one voter, a priest tucked away in a remote forest. The big question is what kind of government will that voter base elect, and what will that mean for economic policy?