Monday, May 18, 2009

The Communists Are Out, India's Market Soars

Headline says it all. Head over to Carpe Diem and read the whole thing.

1 comment:

OBloodyHell said...

India's problem has never, AFAIK, been communism, or even socialism, but massive degrees of bureaucratic red tape, along with a more than ideal level of corruption.

Wired, back when they were worth reading, had a good piece on the changes that started in the early 90s:

Dish-WallahsIt's worth reading not just for the story, but for the back-story, of how one saw the Indian government in all this.