India's Great Experiment

India's market-based approach to holds promise for long-term economic development but poor infrastructure could undermine economic growth.

1 minute read

June 10, 2006, 7:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Mumbai's airport is emblematic of the country's crumbling infrastructure and its negative effect on the free flow of goods and services...With its high-rise cities, new airports, modern highways, and fantastic growthâ€"exceeding 9 percent for the past three yearsâ€"China sends a clear message to the world of progress and power. The country's singular focus on economic development has been shaped by top-down government control that extends into ownership of most major enterprises. By contrast, India touts its open society and 'messy,' yet functioning, market-based democracy as a more conducive environment for long-term development."

FULL STORY: India Arrives on the Global Stage

Monday, June 5, 2006 in Harvard Business School

Community / Economic Development Infrastructure India

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