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3 Strategies To Help India Improve Its Regulatory Processes

Taj Mahal India

India is capable of building its policy institutions and turning them into effective tools that support a variety of benefits. In 2015, India surpassed China to become the fastest growing large economy in the world. But by looking at India’s population and its economic footprint, its economy is still small in comparison to that of the U.S., China or the European Union. India still has a lot to learn from other economies. Most specifically, India requires an effective long-lasting regulatory system that promotes the collaboration of all stakeholders, instead of the existing top-down system. In most countries, regulations are a means to strive for needed outcomes, but in India, they have been used by politicians as tools to push for their personal agendas. Such selfish power moves result in negative consequences for the country since no one is contemplating the impact this behavior has on the creation of jobs (or ... Read More »

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