Rolls-Royces and Pot-Holes; The Indian Miracle and the Future  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8756 (Oct. 2011), page 19-20.
Topik: Big Business; Conglomerates; Economic Growth; Business Conditions
Fulltext: Rolls-Royces and pot-holes.pdf (20.53KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.68 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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If India maintains its current rate of growth it is expected to become the world's third-largest economy some time after 2030, and hundreds of millions of people will lift themselves out of poverty. Long-term economic success may make the current way of doing business obsolete. Today's way of doing things reflects a rational and even admirable capitalist response to the shortcomings of the state, and has helped India's economy motor along despite them. But at some point the muddle-through approach may yield diminishing returns. The recent wobble in the economy and dip in investment by the private sector has come after a long period of government inertia and scandal. It has prompted some to doubt whether the country can really deliver growth of 8% or more without sparking inflation. If India is to finish the long journey to superpower status that has been plotted for it by many forecasters, it will have to get its act together on things like infrastructure, efficient land allocation, education, bond markets, reliable supply chains and the enforcement of contracts. Yet if it manages to make progress in these areas, the rationale for sprawling big business groups will gradually disappear. A big danger, then, to Indian business's current way of doing things is long-term economic success.

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