Investment is stalled; confidence in government is at an all-time low

There is a remarkable loss of optimism in India today. For investment to take place, private decision makers have to feel confident on long time horizons. All too often, a bad faith principle is afoot: the private sector assumes that the government will do harmful things in the future. Addressing this requires deeper reform of laws and public bodies, around three key principles: restrict government meddling to market failures, the rule of law, and accountability of government agencies.

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