Friday, January 14, 2011

Business of fear and favours

…. fears are being expressed by no less than Prime Minister Dr Manmohan Singh regarding crony capitalism. Economists like Raghuram Rajan have called it oligarchic capitalism in which few businessmen have a close nexus with the policy establishment and have made fabulous fortunes in land, real estate and natural resources like iron ore and coal in which proximity to the government obviously helps.
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2 comments:

  1. Umesh BawaJanuary 14, 2011 at 1:07 PM

    Mr. Chandra, i read some of excerpts on 'doing business at your own risk' in business standard. I find aquire interest link for your acknowledgement Please ensure your watch here”

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  2. ChandraJanuary 14, 2011 at 1:38 PM

    Bawa, I am aware of Doing Business site. had worked on those data for years. also read the India's economic freedom index from the below link

    http://www.heritage.org/Index/Ranking

    http://swaraj.nationalinterest.in/2011/01/12/below-average/

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