‘India can see China-like economic success without sacrificing democracy,’ says TeamLease vice-chairman

Source: theprint.in theprint.in

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“I think that the success of China probably is 20 percent related to their dictatorial or their autocratic or their communist tendencies. The other part of it is just non-farm job creation. We could have attracted the same foreign direct investment, if we had lowered our regulatory cholesterol, built the infrastructure, and fixed our human capital,” said Sabharwal. During his conversation with journalist and author Vir Sanghvi for ThePrint Dialogues, Sabharwal rubbished the claims by several politicians and economists that the only way India can grow like China is by sacrificing its democracy. Instead, he blamed India’s failure to transition...