Thursday, September 5, 2013

Falling economic tide in India is exposing its chronic troubles

India had seemed tantalizingly close to embarking on the same dash for economic growth that has lifted hundreds of millions of people out of poverty in China and across East Asia.

Its economy now stands in disarray, with the prospect of worse to come in the next few months.

The economic decline has laid bare chronic problems, little remarked upon during the recent boom. An antiquated infrastructure, a sclerotic job market, exorbitant real estate costs and bloated state-owned enterprises never allowed manufacturing, especially manufacturing for export, to grow strong.

Read more >>

0 comments:

Post a Comment

Subscribe To Our Daily Email

Subscribe to the HeadlineClicker.com Daily News Update. It's 100% Free!

We Hate Spam! Really, It's terrible and we never do it.