Bhalla warns India's growth lacks ambition
Synopsis Economist Surjit Bhalla notes India's economic standstill despite six percent growth. He argues government protectionism discourages manufacturing investment and global competitiveness. Indian firms possess
Synopsis Economist Surjit Bhalla notes India's economic standstill despite six percent growth. He argues government protectionism discourages manufacturing investment and global competitiveness. Indian firms possess healthy balance sheets but avoid large-scale manufacturing commitments. Bhalla contrasts India's approach with East Asian models demanding export performance. He suggests moving away from protectionism to reward competitive efficiency and exports.
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