Apr 29, 2013

India: Bureaucratic Constraints, Political Uncertainty

"China might have too much infrastructure, but India has too little infrastructure spend and a whole range of bureaucratic constraints has slowed down the investment. There's also some degree of political uncertainty with the general elections next year. Corruption, meanwhile, was also a significant hindrance. Unfortunately there have been excessive levels of corruption. Red tape, a wide range of administrative restrictions and regulations on the economy, are not enhancing business confidence." - in The National

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.