The editorial "Floors and ceilings" (September 1) explores what the ceiling gross domestic product (GDP) growth rate is and what the government should do to achieve it. Based on demographics, internal market potential rates, likely investment and incremental capital-output ratios achieved earlier, the ceiling is around 10 per cent.
The government should not allow the kind of crony capitalism that has brought down India's GDP growth rates since FY2011-12. Moreover, there is no need to encourage local and foreign investors who are more interested in making money through tax avoidance bordering on evasion rather than through delivering real value to customers.
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The government should not allow the kind of crony capitalism that has brought down India's GDP growth rates since FY2011-12. Moreover, there is no need to encourage local and foreign investors who are more interested in making money through tax avoidance bordering on evasion rather than through delivering real value to customers.
Alok Sarkar, Kolkata
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number