A friendly U.S. can help India's new leader lift millions from poverty

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  • SEY Sandy, UT
    June 15, 2014 10:42 p.m.

    The US State Department says this about India's business climate:
    "However, India underperforms its vast potential. Major areas of concern include rampant corruption, complex and lengthy investment and business approval processes, antiquated land acquisition and labor laws, and poor contract enforcement...In 2012, the World Bank’s International Finance Corporation ranks India 132 among 183 world economies in its ease of doing business survey and the Organization for Economic Co-operation and Development ranks India high as a closed economy in its Foreign Direct Investment Restrictiveness Index."

  • The Real Maverick Orem, UT
    June 15, 2014 4:34 p.m.

    @ SEY/Sven

    You lost all credibility at Heritage.

    Also, google India. Then come tell me how regulated their economy is.

    There seems to be a strong relationship between conservatives telling us the evils of regulation while the fruits of deregulation are becoming ever more abundant. All well, I would want to forget about 2008 too if I were a repub.

  • SEY Sandy, UT
    June 15, 2014 1:40 p.m.

    India has an unregulated economy? The Heritage Foundation's Index of Economic Freedom ranks India at #120 compared to the US at #12. The author references the difficulty natives encounter when starting a business. As a general rule, heavy regulation and prosperity have an inverse relationship.

  • Hutterite American Fork, UT
    June 15, 2014 12:57 a.m.

    Seriously, I think India will lift millions from poverty. And a great thing it is. We've got to look at whether a friendly US can staunch the slide of americans into poverty. That is our challenge.

  • Henderson Orem, UT
    June 14, 2014 11:57 p.m.


    By us sending them more handouts?

    Or by our companies leaving to take advantage of India's unregulated economy?

    When can we focus on lifting our own country out of poverty? Last I checked, our nation needs some rebuilding. We can't keep nation building the Middle East and now India while neglecting our own