April 10, 2019

Why India must lower the cost of capital over the next decade

In this Mint article, Niranjan Rajyadhyaksha, Research Director and Senior Fellow at IDFC Institute, writes about the structural changes needed to bring down the cost of capital in India. Excerpts:

 

"India is currently the fastest-growing major economy in the world, which is no small matter. The question is whether the current growth rate is enough to create quality jobs for a growing population. The experience of the two previous economic booms—in the mid-1990s and in the years before the global meltdown of 2008—is that a shift in trend growth requires an investment boom led by the private sector. One of the requirements for that is competitive cost of capital."

 

Read the full article here.

Topic : Transitions / In : OP-EDS
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