A very thought provoking article on Indian economy.Looking answer for the question –Is India has reached a satge where it can be consider as world growth engine, most of the economist from IMF find difficult to say a convincing yes.
Why?
India is still a closed economy.Our trade policy still protect local bussiness from competion and triff are almost double then other emerging economies in the region.
Here is a interesting article about procedures involved in starting bussiness in India.Surprisingly the number of dyas it take to start in India is 35…..more than a month.And I beleive all estimates given here are very conservative. It may take longer if you decide to be not to bribe any one 
, not to involve local expert and try to be nice :)…
http://www.doingbusiness.org/ExploreTopics/StartingBusiness
If I am not wrong aroung two year back the number of days used to be around 70! !!!!!!!!!!.
Yap ,there is significant improvement but lot more can be done. With india drowing attention from all over world it would be best in the ineterst of India to reduce and streamline this whole process into a one week process.
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