Sunday, April 28, 2013

The Capitalist Manifesto

http://www.economist.com/news/books-and-arts/21576372-how-get-india-moving-again-capitalist-manifesto

This article talks about India and how they need to start heading in the right direction economically. India needs more market liberalisation to promote economic growth. A few years ago, with its economy expanding at an annual rate of nearly 10%.  But policymakers have grown complacent. They assumed rapid growth would continue, but did nothing to foster it. The result is that India now putters on at less than half what it could achieve. The article also discusses how rapid expansion has brought India immense gains, and why more change is needed.

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