The writer is professor of economics, Royal Bank research professor and Johal Chair, University of British Columbia, Canada
Lost opportunity
India missed the chance to usher in second generation reforms and free up private enterprise
Legend has it that a governor in 18th century Russia tried to impress Empress Catherine during her tour of Crimea by building facades of impressive villages along the way. These facades would be dismantled as soon as she passed them and reassembled further along her path. The recent schizophrenic commentary on the state of health of the Indian economy cannot but raise questions on the true state: Is India doing really well or are we just seeing a sequence of Potemkin villages?
No hay comentarios:
Publicar un comentario