Links: 2013-08-12

India’s new Raj(an) | Gavyn Davies
"In India, he believes that the unfair distribution of gains from land and property sales in the 2000s has caused a severe political backlash which now makes obtaining permission for new investment impossibly difficult. He says that the Licence Raj of the 1990s has been replaced by a Resource Raj in the 2010s, in which the supply side has atrophied while the government has tried to subdue political dissatisfaction by subsidising energy and bestowing other cost...


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