India's business environment: Bad, and getting worse

It is de rigueur nowadays to advocate the lowering of barriers to entry to promote competition. In the Indian context, it is a routine lament that several sectors are reserved for government-owned institutions or dominated by public sector firms - for example, atomic energy, defence, conventional energy (coal, oil and gas, and hydro-power) and banking. Abstracting from this perceived lack of competition due to government and public sector dominance in some sectors, this article focuses on the constraints in doing business in India.

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