flame_retardant
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- Jul 30, 2012
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dont go by what Indians say... see what GoI does.. our defence spending as percentage of GDP is among lowest... and have huge social expeditue.. (even at risk of screwing fiscal discipline) .. the new food security bill is another one on top of it...
GoI doesn't have its act together - India's demographics & current infrastructure make it possible for growth rate to be 8-10% right now. But it's lagging at 4-5%.
It's trying (& failing) to compete with China in foreign markets like Africa when it can't even hang onto a strong grasp on South Asian countries. India signed Free Trade Agreements with other countries in South Asia and didn't honor them properly - now China's in South Asia growing as a stronger partner for the rest of South Asia, which is fine for the rest of the South Asian countries but not good news for India.
Let's hope the Indian GoI gets smarter & more efficient.