three economic hurdles India must overcome


Source: afr.com afr.com

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However, he has also sought to transform India’s previously liberal political regime into a self-conscious Hindu state. His overweening ambition to ensure the nationwide dominance of his Bharatiya Janata Party through the elimination of opposition political parties and social challengers is a goal that impedes the creation of the coalitions necessary to implement difficult reforms. There are three immediate economic hurdles that India must overcome. The first is agricultural reform. Agriculture employs close to 45 per cent of India’s population but contributes only about 15 per cent to its GDP. But a crying need to absorb this unproductive fraction into...