India 2012: The Challenges of Governance
Posted: 8 May 2012
Date Written: April 4, 2012
In January 2012, the government of India faced significant challenges to achieving three key objectives of high growth, inclusive development, and improved governance. The economy was experiencing a growth slowdown, persistently high inflation, and infrastructure and energy deficits. Policy reforms were hampered by several recent corruption scandals, widespread citizen protests against corruption, and disagreements with coalition partners. Could India make the right decisions needed to lift hundreds of millions of citizens out of poverty?
Learning Objective: Discuss the role of political institutions in economic development; familiarize students with recent developments in India's economic and business environment.
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