Writing in The New Indian Express, Shankkar Aiyar, argues that India's decision to not be a part of the Regional Comprehensive Economic Partnership (RCEP) is due to systemic flaws that have held back competitiveness. Excerpt:
"Global competitiveness rests on economic efficiency at home. Managing the economy is akin to solving the Rubik’s cube puzzle. Just as colours must be aligned on the cube, a host of factors need smart alignment—from opening up sectors to FDI to induct technology and capital, to low interest rates and liberation of the factors of productivity."
Read the full article here.