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India does not need "Keynesian interventionist policies", India needs dramatic de-regulation. India ranks a dismal 143rd in the Index of Economic Freedom, behind Nepal (125), Sri Lanka (112), Pakistan (141), Bhutan (107), and Bangladesh (128). India also ranks a poor 130th on the World Bank "Doing Business Index".



The Index of Economic Freedom states "Growth is not deeply rooted in policies that preserve economic freedom. Progress on market-oriented reforms has been uneven. The state maintains an extensive presence in many areas through public-sector enterprises. A restrictive and burdensome regulatory environment discourages the entrepreneurship that could provide broader private-sector growth." Walmart should have been allowed to come into India and show the domestic industry how to do efficient supply chains. State owned enterprises need to be sold off. Labor regulations need to be reduced - the Industrial Disputes Act 1947 should be repealed. Regulation across the many states need to be unified.



There is a reason why so many Indians come to the United States to start their business - it is just easier to start and do business in the US (ranks 17th on Index of Economic Freedom, 8th in World Bank Doing Business).