Need for consensus on reforms
In an interview to a foreign financial daily, Finance Minister P Chidambaram recently observed that India needs to "catch up with China" in terms of economic growth to remain at the high growth trajectory. However, this requires greater political consensus, which unfortunately is lacking, but vital to realize our full economic potential. Unfortunately, after a decade-and-a-half of economic reforms, political consensus on these has been elusive, unlike China, which had consensus from day one.
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