India: the next superpower ?: The Untold Story of India's Economy
Published By: London School of Economics | Published Date: March , 2012As India looks towards further liberalisation, it must fi rst prepare its economic institutions
by re-orienting them from managing the economy to regulating the economy.
Without an enhancement of regulatory capacity, increased liberalisation will simply
perpetuate corruption and further inequality. By improving regulatory capacity, the state
can better focus on the socio-economic aspects of governance that will be so important
for India’s future. In order to better direct and manage institutional change in India, we
must fi rst look to history to understand how India’s economic infrastructure was built.
Author(s): Rajeev Sibal | Posted on: Mar 16, 2018 | Views()