What is the biggest challenge holding back the Indian economy?
I am interested in the new economic power balance. The BRIC countries (Brazil, Russia, India, China) and some others seems to have the growth. With that growth there are some challenges. With India on the run as the most populous country, enormous middles classes (relatively well educated, relatively good income) I am interested to see what bears on the road to be the economic leader people see>
Asked By: Dutch Kitchen Dushi - 12/6/2010
Best Answer - Chosen by Asker
"The state still plays a major role in over 200 public-sector enterprises. Public debt is 80 percent of GDP, leaving little fiscal room to react to the global downturn. India’s overly restrictive regulatory environment does not facilitate entrepreneurship or realization of the economy’s full potential. Corruption is... More
Answered By: DoILiveInOz - 12/6/2010
Additional Answers (2)
They treat kids like garbage (some of them)
Answered By: Malkiin - 12/6/2010
Corruption in the government, heavy protectionism (although this is decreasing).
Answered By: JankyFresci - 12/6/2010
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