"I am not very optimistic about India on the macroeconomic front, and it
has to do with the government policies. The economic policies of the
government are by and large a disaster; the government could have done
more. The government in India, through its incredible bureaucracy, has
retarded economic growth in the last 20-30 years by at least 3% per
annum in real terms. It’s a miracle that the Indian economy has
performed well, considering the quality of its government".
