Thread: How can India's economy improve?

http://economictimes.indiatimes.com/...ow/3500572.cms

Any attempt to make the economy fire on all cylinders must, therefore, go hand-in-hand with reforms on a number of other fronts, primarily governance. Only when the present deterioration in governance standards, which has led to a decline in accountability and performance, is addressed will the economy realise its true potential.

Interesting article - thanks!

Still is amazing how well India's economy is.

Thank you for sharing that with me. I was very curious about India's economy, and this is the perfect article! Thank you again, Ceres!


Cheers,
Michael

Thank you for sharing! It still is incredible as Jeff said, on India's economy. Although, I fear it will drop soon enough. We'll have to wait in see for the future.

Simply strengthening the ability of the courts to take care of cases quickly would be a big help. I've been involved in a case in Bangalore since 1996.

Cutting subsidies and removing price controls in the energy sector would be another big help. PC has done well, but there is a lot left to do.

Thanks for the article sharing. It sure did make an interesting read. I think it is a real pity that even our Prime Minister realizes that "“there are no binding external constraints on India’s economic growth. Most constraints we face are inherently internal" and still does nothing much to help it.

thanks a lot for sharing..

Frankly speaking, India is facing what US and other developed nations faced 200 years ago or so. Still Indian economy is on a tremendous growth, but taking a deeper look into the Indian society it is becoming a more of a Capitalist economy rather than being a liberal one.

Originally Posted by DomainWalla

I've been involved in a case in Bangalore since 1996.

Wow - that's a long time! What kind of a case and why is it taking so long? Also, are lawyers expensive in India?

Originally Posted by Nomad

Frankly speaking, India is facing what US and other developed nations faced 200 years ago or so.

That's exactly right, except India can copy a lot of what the developed nations did and move forward much faster, and hopefully avoid some of the errors along the way.