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Part 8 of What needs to be done to get INDIA back into 8% growth …. Summary and specific 10 point agenda
India is at a turning point. The first set of reforms undertaken in 1991 have run their course and minor tinkering around the edges is not yielding the desired outcomes anymore. The GST has finally made India into one market instead of 28 separate state markets but it is a spaghetti of complexity. There is a…
Part 7 of What needs to be done to get INDIA back into 8% growth …. How to unleash capital in the service of Indian growth
Capital includes money and means of production (including the infrastructure needed to get the products to the market). This is the low hanging fruit. Let’s start with money capital in which India is starved and therefore needs to open up FDI more. I applauded when the FIPB (which had morphed into the Foreign Investment Prevention Board in practice…
