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by mehuln
3941 days ago
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Funnily enough, after reading the first paragraph, it still sounds like a recent article even though it has been years. In fact, the country probably has taken two steps back under Manmohan Singh. To a certain extent, even if the article was recent, it's not a surprise. Democracies are SLOW and India is still a social democracy trying to be a capitalistic democracy - so even slower. Democracies move fast only during a crisis. Otherwise, they are inherently slow. Even in the US, a majority of top issues have not changed much since the 90s. Politicians have been debating pretty much the same thing without much progress... |
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1. You can get cross country SIM card easily in India today.
2. Taxes for IT business is uniform (no incentive for export per se)
3. Indian IT industry did just fine during bubble burst so Author's cyncism was bit misplaced.
4. Indian aviation industry is fierecly competitive. Today no one worries about future of Air India not because Air India has become good but there is enough competition.
5. I would argue that a lot has been done to ease Foreign investment since Article was written. Why just yesterday new measures were announced (http://indianexpress.com/article/explained/no-mat-on-fii-why...)