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The Challenges Ahead

In: Investing in India

Author

Listed:
  • Shanta Acharya

Abstract

The challenges ahead for India’s planners are manifold ranging from improving the physical infrastructure, increasing investment in the social sectors, liberalising agriculture and deepening financial sector reforms to facilitate the flow of private investments. Non-competitive market structures and inadequate incentives have widened the gap between ‘best practice technology’ used internationally and that prevalent in India. In a competitive global environment, reform is an ongoing process. The government aims to step up investment in all the sectors, from agriculture to infrastructure. But that will involve reforms in the legal, administrative and regulatory framework relating to existing corporates, labour, tax, land and competition laws. Perhaps the most important challenge is that reforms need to be introduced without destroying the social fabric of the nation or aggravating existing levels of pollution.

Suggested Citation

  • Shanta Acharya, 1998. "The Challenges Ahead," Palgrave Macmillan Books, in: Investing in India, chapter 5, pages 175-220, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37107-1_5
    DOI: 10.1057/9780230371071_5
    as

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