An economy deprived of competition

The slowdown of the Indian economy in recent years—including the sub-5% growth in the last quarter of fiscal 2013—has drawn critical observations from various quarters delving into the possible reasons for the reversal in the economy’s fortunes. An unstable currency, high fiscal deficit, price controls, repressive regulations and crumbling infrastructure have been some of the ready favourites offered as reasons for the slowdown. Seen together, they are responsible for India’s economic woes.

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