Sunday, May 23, 2010

I found this valuable document while surfing Wikipedia : This is the Economic Survey of India published by OECD ( organisation comprising of developed countries ) http://www.oecd.org/dataoecd/17/52/39452196.pdf .. .this contains many valuable recommendations for reform in the indian economy, but I am sure few of the recommendations for reform would be acted upon by the Indian government. Indian lawmakers get elected by promising populist schemes of loan waivers and free electricity to farmers.. its very unlikely they would threaten their political careers by pursuing bold reforms. Their primary motivation is electoral success ; economic growth of the nation matters little to their careers.

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