Indian Finance Minister Pranab Mukherjee Photo: AFPFrom The Telegraph:
India has drawn up plans for a massive economic liberalisation programme which could create vast new markets for British firms.
Pranab Mukherjee, Finance Secretary, has said the country needs to invite foreign supermarket chains, insurance, defence and engineering companies to help modernise agriculture, financial services and transport infrastructure.
His proposed reforms would shake up the country's strictly regulated labour market, allowing companies to increase working hours and make staff redundant without government approval.
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My Comment: A sign of things to come. India has changed a lot in just the past 20 years. What was once one of the most corrupt and inefficient countries in Asia .... they are now on a trend to counter the economic power of Japan and China. This additional liberalization and openness of the economy will only further enhance and strengthen the Indian state. The geopolitical impact of a rapidly growing economy in a country like India cannot be underestimated.
What a difference from Pakistan, and the direction that it is going.
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