India’s Year of Living Stagnantly
Last year, India's GDP growth decelerated, manufacturing plummeted, and corruption grew uncontrollably, while the government failed to enact even a single piece of legislation, much less undertake any economic reforms, control inflation, or address widespread civil disorder. Will 2012 prove to be a year of renewal for India, or another annus horribilis?
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NEW DELHI – Will 2012 prove to be a year of renewal for India, or another annus horribilis? No country progresses unerringly, but India cannot afford another politically and economically torpid year like 2011. For India, last year is a year best forgotten.