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While it doesn’t all have to happen tomorrow at budget, I think India has a narrow window of a few months to liberalise dramatically. While we will do relatively well even with mild reforms - we have the chance of a gen to break into a new orbit of growth and prosperity.
A) Reasonable taxes with hopes of a wider base much much later (and the optimism to take that tough call)
B) Massive divestment of PSEs (limited wrt banks though)
B) Massive divestment of PSEs (limited wrt banks though)
(big announcement followed by trickle sale of shares on markets - see my ET article on this)
C) Continue reform of Land, labour and ease of doing business. We don't need many financial sector reforms, just a bit of accelerator on the current reforms.
C) Continue reform of Land, labour and ease of doing business. We don't need many financial sector reforms, just a bit of accelerator on the current reforms.
(where tough - many of the reforms to be left to the states - let them compete for business)
D) Enforcement of contracts and judicial efficiency (have no idea how that will ever happen).
E) A much smaller government, every bottleneck and paperwork be justified.
D) Enforcement of contracts and judicial efficiency (have no idea how that will ever happen).
E) A much smaller government, every bottleneck and paperwork be justified.
