Reforms for India
India is the 3 rd largest economy in the world in terms of GDP (PPP). It has grown at a rate of 7-8% p.a. for most part of the last decade. However, to grow further and bring the remaining 1/3 of our population out of poverty, India would need to grow at these rates. After 1991, there haven’t been significant reforms and India needs another round of substantial reforms. A majority of these reforms need to tackle the supply side bottlenecks as there is a strong demand. One of the major concerns is the ease of doing business and the support structure for enterprises. The country languishes in infrastructure. There aren’t adequate roads, railways is suffering from under-capacity, waterways and aviation require lot of capacity creation. Energy is also a big issue as more than 70% of crude oil demand is met by imports. There is no reliable power supply available to industries as the power plants can’t meet the demand due to shortage of coal. Getting skilled labour, environmental clea