Tuesday, 19 September 2006

Infrastructure Yes. Labour Reforms later

India needs reform, infrastructure for growth - OECD
"India needs to invest more to improve its infrastructure, reform rigid labour laws and ease business regulations to secure faster economic growth in the coming years, a senior OECD official said on Monday."
 
Any visitor to India will tell you that it desparately needs infrastructure. More importantly it needs a good administration of the infrastructure that is already there and that is being developed. Reform of labour laws and business regulations is a can of worms which should be left for later on. The country should not keep economic growth as an imperative to be achieved at all costs - the whole reform business needs to be balanced and gradually paced.
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