India needs a minister for investment. Just having a minister of finance isn’t enough, as India’s own experience has shown. But providers of capital — whether banks or capital-market investors — haven’t a clue about how to recover anything. A minister of investment could outline a novel solution, and the bureaucracy would have to find a law — among the dozens it oversees — to lend it legitimacy. It’s a long game, but a minister of investment could at least get it going in the five-year window the next government will enjoy.

Source: Washington Post May 05, 2019 01:08 UTC