Dear Shri Subramanian,
Just read your views in today’s DNA Money :
Cost of funds on top of chief economic advisor's mind
- Where you say :
So, the cost of capital for individuals and corporates is much higher in India
But cost of capital is just one of the many costs that make up an economy
I think India can succeed in competing with the rest of the world, only if we succeed in lowering ALL types of costs , to turn India into a LOW COST ECONOMY
In this context , you might want to look up my following blogs :
Foundation of Economy
With regards,
Hemen Parekh
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