India needs a minister for investment. From power and airlines to telecommunications and lending, large Indian businesses are failing at an alarming rate. 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. Once India Inc. recovers its footing, it will want to buy back assets it’s been forced to sell. To cross it and become rich will require China to innovate and accumulate intellectual property.

Source: Economic Times May 05, 2019 05:26 UTC