 The past 15 years have been very kind to India and its emerging new economy. The past few years howeverhave not been so nice.One problem have been the traditionally sclerotic planning and development authorities who have been sluggish in releasing land for development, along with the overall mistrust of the free flow of capital and labor, dependent on the classic mid-20th century model of Fabian socialism. Recently, the Indian government reasserted its heavy hand by overturning the previously independent Indian judiciary by putting a tax on international partnerships and acquisitions retroactively to 1962. |
