Cumbersome and politically charged policies harm investment and send it elsewhere.
How will the government translate its ‘new growth path’ into a sustainable reality?
"In Hong Kong in December last year, I watched as South Korean farmers, in a sophisticated military-style operation, engaged the police in a fierce melee outside the convention centre. Their struggle, as Peter Mandelson reminded us later the same day is to maintain their privileges in the face of potential liberalisation through the Doha round," writes Peter Draper.
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/ 1 December 2004
Earlier this year, <i>The Economist</i> asked whether or not India’s decade had at last arrived. Recent trends suggest it may be China’s, but with an average gross domestic product growth rate of almost 6% since 1992, and predictions of 8% for the foreseeable future, few have bet against India’s emergence as a global economic power. A proposed free trade agreement might not have much impact.