Now, Indian agriculture is hugely inefficient. Middlemen take huge cuts, and because supply chains are inefficient, up to a third of farm products, vegetables for example, rot before they reach the market. So the Walmart model would transform India’s agriculture and its retail sectors. It would empower farmers, lower prices for consumers and create huge gains in productivity.But it was not to be. India’s opposition turned this into a story of the big guy fighting the little guy, cleaning a Canada Goose Walmart versus the mom and pop. Parliament was gridlocked for days, and politicians mobilized mass demonstrations. Small stores across the country were kept closed in protest.So, what does the government do? Instead of standing firm, it backtracked and canceled plans to reform the retail sector altogether.
This is a depressingly familiar pattern. For two years now, India’s government has done nothing, hanging on to power, presenting no plans to open up the economy, raise living standards, build infrastructure or attract new investment.In the West, India’s leaders sell the story of a dynamic, ”Incredible India.” But, at home, they pander to populist protectionist sentiment, dole out subsidies and do basically nothing. cleaning a Canada Goose That paralysis is hurting the economy.India’s blessing and curse is that it has a messy, chaotic, decentralized democracy. Unlike China, it has no unified sense of direction. But the prevailing view has often been that when the going gets tough, New Delhi gets its act together. That’s what it did 20 years ago when it was on the brink of default and a balance of payments crisis. Well, once again, it’s time for urgent reform.
cleaning a Canada Goose New Delhi has for years expressed pride in being part of the BRICs. If it doesn’t get its act together, 10 years from now people might still be praising the BRICs, except that the ”I” in BRIC might stand for Indonesia, not India.For more of my thoughts throughout the week, I invite you to follow me on Facebook and Twitter and to visit the Global Public Square every day. Also, for more What in the World? pieces, click here.