As India enters its 64th year since independence, its economic dynamism presents a paradox. On most measures of market friendliness, it lags behind Latin America, and even sub-Saharan Africa. It is still more closed to trade and foreign capital than most other countries; still hampered by extensive controls on economic activity, including onerous labour laws; and still dominated by a large public sector. In short, it should be growing at 5 per cent, not 8½ per cent, a year.
隨著印度邁入獨立後的第64個年頭,其經濟動態呈現出自相矛盾的景象。從衡量市場親善程度的大多數指標來看,印度經濟落後於拉美甚至撒哈拉以南的非洲地區。與其它大多數國家相比,印度經濟對待貿易和外國資本仍更爲封閉;仍受制於對經濟活動的廣泛限制(如繁瑣的勞工法),也仍然掌握在龐大的公共部門手中。簡言之,印度經濟應該以每年5%、而不是8.5%的速度成長。