Report: India Can't Achieve China-like Growth Without Reforms
March 16, 2012| |
India will not accomplish its economic growth goals and potential without new and sustained government reforms, according to a new policy report released by Rice University's Baker Institute for Public Policy. The report titled Limits of the Jugaad Growth Model: No Workaround to Good Governance for India was authored by economist Russel Green.
Green tackled the much needed reforms in different aspects such as education, taxes, governance, debt collection, and agriculture. For agriculture, Green said that India must cut out the middlemen mandated through current agricultural marketing laws. India must also remove barriers to interstate trade. With such changes, there will be a bigger difference than multibrand detail foreign direct investments in developing the plight of small farmers and decreasing the pressure on food process that fuel inflation spikes.
Read more information at http://news.rice.edu/2012/03/15/india-cannot-achieve-china-like-growth-without-reforms/.
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