Thursday, October 30, 2008

With financial capitalism dead & gone, it’s time to get real - Mukul G Asher

At this juncture, it is still unclear what would replace the financial capitalism which dominated the global economy for the past quarter of a century. Even as the countries cope with the current global financial turmoil, policymakers (including those in India) would do well to focus on the fundamentals of sustained economic growth, and improved quality of life.

India must look beyond the immediate measures designed to cope with the financial crisis. To sustain growth, it requires more competent and prudent economic and political management, and an environment in which India’s inherent entrepreneurial capacities have opportunities to create wealth for the society. To read more, please, visit - Daily News & Analysis

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