Attention Economy


Saturday, February 27, 2021

India - Long-Term Economic Challenges and Growth Prospects

India’s Primary Economic Challenge: OVERREGULATION
https://www.indiabudget.gov.in/economicsurvey/doc/vol1chapter/echap06_vol1.pdf
International comparisons show that the problems of India’s administrative processes derive less from lack of compliance to processes or regulatory standards, but from overregulation.
In this chapter, the issue of over-regulation is illustrated through a study of time and procedures taken for a company to undergo voluntary liquidation in India. Even when there is no dispute/ litigation and all paperwork is complete, it takes 1570 days to be stuck off from the records. This is an order of magnitude longer than what it takes in other countries”.

India’s farm sector reforms are a pathbreaking step forward
https://www.indiaglobalbusiness.com/the-big-story/indias-farm-sector-reforms-are-a-pathbreaking-step-forward
 
India offers investors golden chance to build the world’s classroom
 
India still has a few advantages –
Innovation: Trending Up but Needs Thrust, Especially from the Private Sector
https://www.indiabudget.gov.in/economicsurvey/doc/vol1chapter/echap08_vol1.pdf
 
How Did India Manage to Build an Advanced Fighter Jet Like the Tejas?
When it comes to sensitive industries like defense, democracy and the rule of law do matter.
https://foreignpolicy.com/2021/02/24/india-tejas-advanced-fighter-jet-defense-industry-intellectual-property-china/