Reform rhetoric and realities

To start with, I want to reaffirm that India needs economic reform, and lots of it. Reforms should strengthen governance institutions as well as the working of markets. An increased role for markets and competition will, on the whole, benefit the Indian economy. If reforms are done well, they can promote inclusive growth. With all that clearly stated, I want to question some of the reform rhetoric around FDI in multi-brand retail, and argue for making a different set of reforms a priority if we want to improve the supply chain, whether farm to fork (or fingers, really, for India), or for manufactured goods.

Read Full Story>>