What We’re Reading: “Slip Sliding Away”
Kegler Brown Global Business News December 12, 2011
“Slip Sliding Away” | The Economist
To maintain a level of formidable growth (9-10%), India needs industrial reforms in Foreign Direct Investments (FDI). The recent debacle of not opening up the retail market to FDI clearly shows that the Indian government has to revisit its policies, and its protectionist attitude will only curb growth leading to a lower GDP. Various sectors in India, like retail, education, insurance, and commercial banking, should be opened up to FDI. Solid FDI policies will lead to steady growth. India needs a miracle in the form of sustaining long-term economic goals.