Wednesday, May 28, 2008

To race China, first let’s get our feet off the brakes

Arun Shourie, Tuesday, November 07, 2006India’s growth story must generate confidence, not complacence. We must learn from China the ability to move on from momentary success or failure, keep the focus on reforms, take a decision and execute it China’s banking sector has been notorious for its non-recoverable loans — till a few years ago, some estimates had placed these at almost half the total