The ongoing slowdown in Indian economic growth has resulted in grave opportunity costs, including jobs not created. Additionally, the declining numbers for India’s trade in goods for the past several years reflect a downward drift in competitiveness. The causes and consequences of these worrisome trends have been discussed in public forums before and after the Budget presentation on February 1.
A sense of anguish that many express mostly in private conversation is that several senior regulators and officials involved in decision making just do not have the strength of character, relevant work experience, or understanding of the complexities involved. It
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