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**brulpcoersero** · 08-17-2008, 11:29 PM

Too much freedom in India?

"The overall freedom to start, operate, and close a business is considerably restricted by India's regulatory environment."

"Export restrictions, a negative import list, service market access restrictions, high tariffs, import taxes and fees, a complex and non-transparent trade regime ... add to the cost of trade."

"The government subsidizes agricultural, gas, and kerosene production; applies factory, wholesale, and retail-level price controls on 'essential' commodities, 25 crops, services, electricity, water, some petroleum products, and certain types of coal; and controls the prices of 74 bulk drugs that cover 40 percent of the market, with another 354 to be brought under controls by a new pharmaceutical policy."

"Highly complex rules and laws limit foreign direct investment."

"Foreign investment is prohibited in most real estate, retailing, legal services, agriculture, security services, and railways."

"The government owns nearly all of the approximately 600 rural and cooperative banks and most other financial institutions."

Any less free than that and you'll be living in Cuba!

08-17-2008, 11:29 PM	#8
brulpcoersero Join Date Oct 2005 Posts 394 Senior Member	Too much freedom in India? "The overall freedom to start, operate, and close a business is considerably restricted by India's regulatory environment." "Export restrictions, a negative import list, service market access restrictions, high tariffs, import taxes and fees, a complex and non-transparent trade regime ... add to the cost of trade." "The government subsidizes agricultural, gas, and kerosene production; applies factory, wholesale, and retail-level price controls on 'essential' commodities, 25 crops, services, electricity, water, some petroleum products, and certain types of coal; and controls the prices of 74 bulk drugs that cover 40 percent of the market, with another 354 to be brought under controls by a new pharmaceutical policy." "Highly complex rules and laws limit foreign direct investment." "Foreign investment is prohibited in most real estate, retailing, legal services, agriculture, security services, and railways." "The government owns nearly all of the approximately 600 rural and cooperative banks and most other financial institutions." Any less free than that and you'll be living in Cuba!
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