SUNDAY, OCTOBER 30 2016
| P.CHIDAMBARAM |
The opportunity has come with the publication of the World Bank Group’s annual report titled ‘Doing Business 2017: Equal Opportunity for All’. The verdict on India is disappointing. In the year between the previous report and the latest, India’s overall rank improved one place from 131 to 130 among 190 countries. That means, despite the ambitious goal of getting into the top 50, nothing has changed. It reminds one of the French saying that, in translation, reads, “The more things change the more they remain the same.”
Sure, India did not reach this depressing position in one year. It is the result of the accumulated mistakes and negligence of the years since Independence, especially the 1960s and 1970s, when the State intervened, massively, in the direction and management of the economy. There was deep distrust of certain institutions (private sector) and natural forces (markets) and there was…INDIAN EXPRESS