Full excerpt below.
Reforms Precede Competitive Biz
Apropos ‘Catch a Crisis by the Horns’ by Amartya Lahiri (Sep 10), the cost of capital is very high in India, making Indian businesses uncompetitive globally. Bureaucratic red tape, a web of Centre-state laws and the overloaded judiciary are longstanding issues faced by entrepreneurs and investors. The most important reform, education policy, depends on implementation of the National Education Policy. If India wants to reap the benefits of demographic dividend, it has to produce innovative, risk-taking and skilful youth who are rooted in our culture and heritage.
BRIJESH CHANDRAKAR Bhilai