If it hadn’t been for the recent dramatic collapse of the rupee and the negative domestic and international business sentiment associated with India, we would still have been in denial about how far we’ve fallen as an investment destination. Thanks to our political obsession with populist measures as opposed to creating an enabling environment for growth with equity, the Indian economy is headed towards our version of stagflation—decelerating growth in a climate of high, and largely untamed, inflation.
(This story appears in the 20 September, 2013 issue of Forbes India. To visit our Archives, click here.)
Excellent coverage of Medtech Industry Giants Insight. Very Interestingly presented.
on Sep 6, 2013