One of India Inc’s greatest laments (when it is not professing protectionism) is that India missed a massive opportunity in the 1970s and 1980s. As Deng Xiaoping’s China undertook pro-capital reforms that enabled it to emerge as the factory of the world, India was in the middle of civil and political turmoil, highlighted by the Emergency, the regressive Janata government (1977-8, government missteps leading to Operation Bluestar and the Sikh insurgency, and the all-pervasive license-permit raj.

http://smefutures.com/8-sunris....e-sectors-that-india

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