India's problem is that of state of mind: Jim O'Neill

The Goldman Sachs economist who coined the acronym Bric -Brazil, Russia, India, and China -has blamed India's leadership for failing to implement reforms that would enable the nation of more than a billion to boost growth and fulfil its potential. Jim O'Neill, currently the chairman of Goldman Sachs Asset Management told ET that India seems to "deliberately avoid FDI" a term that might resonate with many because of the ferocious political row over the government decision opening India's retail sector to global supermarkets such as Wal Mart Inc and Tesco Plc. 

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