India's Democracy a hampering factor

Is democracy the hampering factor depriving India from the growth?


Yes, though we take wise decisions. Well taking decisions wont make a difference but the implementation will. So when it comes to the implementation before which we have large chain of ministries to agree with it in the parliament and when the implementation is about to initiate the government changes.

So the instability in governing bodies is the actual hampering factor affecting growth without which we have the potential to achieve double digit growth rate. These factors are disliked by most of the foreign investors affecting the young and dynamic entrepreneurs of our nation which are the boosters to double digit growth rate.

This is not with another Asian economic giant China where we have one government taking one wise decision implementing it and moving to next one. They do not have to go with large chain of formalities.

Now are we of more potential then China I believe yes we are because we are moving at same growth rate of 9% since few years and can manage in democratic and slow governing bodies.

Eradication of democracy will lead India to super power by 2050  as predicted India & China will contribute to 45% of worlds GDP. But the question is who shall hold a major share.

Kuldeep P
Making love with Economics & Fin