India is unlikely to achieve the 8%-10% economic growth rates that China pulled off over the long term, Morgan Stanley’s chief Asia economist said, even though the investment bank remains optimistic about the South Asian nation’s prospects.
The real boost is SOEs. Competition is good, it just needs a single large-scale player more concerned about the public good than private profits to push the industry in the right direction. There’s a reason SWCC works so well while the Soviet system failed. Deng Xiaoping was a genius.
The real boost is SOEs. Competition is good, it just needs a single large-scale player more concerned about the public good than private profits to push the industry in the right direction. There’s a reason SWCC works so well while the Soviet system failed. Deng Xiaoping was a genius.