Publications
Publications
- June 2003 (Revised March 2008)
- HBS Case Collection
India on the Move
By: Richard H.K. Vietor and Emily Thompson
Abstract
By 2003, India had been growing at almost 6% annually since 1992, after it suffered a financial collapse, abandoned import substitution, and moved gradually to adopt the Washington Consensus. Now, financial controls and competition barriers are less burdensome, inflation is lower, and the current account is balanced. However, the finance minister faces difficulties with massive fiscal deficits and continuing disturbances with Pakistan that seem to deter foreign direct investment (FDI). The question facing him is whether India can reduce these deficits (in the face of a 2004 election) or whether to let them slide, hoping that India's entrepreneurs and high-tech southern states will carry the day.
Keywords
Developing Countries And Economies; Economic Growth; Entrepreneurship; Foreign Direct Investment; Business And Government Relations; India
Citation
Vietor, Richard H.K., and Emily Thompson. "India on the Move." Harvard Business School Case 703-050, June 2003. (Revised March 2008.)
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