Amartya Lahiri on Fostering Economic Growth
Ideas of India
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The Importance of Regime Uncertainty in India
We have some massive regime uncertainty of corse created under the modi administration. The way g s t was designed and executed, you know, you don't know what rates are going to apply to you. It's taking three, four, five years to sort it out - which is a fairly long period of time for small businesses. Lik: We're just so used to the government being so fickle in its decision making that it maybe, as indians, we're just very acus to this kind of treatment. But it has this enormous impact on how people decide to earn and spend their money.
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