India Records Lowest Growth in a Decade as BRICS Sputter
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  • ChuckFinley

    ” In India, economists put most of the blame on the country’s awful infrastructure for power and transportation.”

    Maybe the economists ought to put some of the blame on the government rules that have been creeping back since the Industrial Raj was dismantled triggering an industrial boom that lasted for more than a decade and raising the incomes of 300 million people to the level of middle class by world standards.

    If some Indian politicians can pry the hands of the country’s bureaucracy from the throats of its businesses, India’s amazing growth can resume and the hard work and talent of the Indian people can lift the rest of the country out of poverty.

    What is going on in India now looks like what Robert A.Heinlein used to describe as “bad luck”.

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