Wednesday, June 23, 2004

BBC NEWS | World | South Asia | India's economy - oil the nuts and bolts

A roadmap for India By Kaushik Basu
Professor of economics, Cornell University

Kaushik provides a fascinating look at what is wrong with the Indian Economy and how the new government should take steps to fix it. For instance, it takes 11 times longer to start a business in India than it does in Singapore.

His list includes 1: Improve efficiency 2. Cut corruption 3. Establish good fiscal policy 4. "Enable economically disadvantaged people to escape pverty." Of course these are all good, but it is his ideas on how this should be done that merits a click-through!

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