It has improved. But to really get inflation down requires the reform of state enterprises and they haven't done much of that. Second, there is the integration of the coastal areas and the spreading of prosperity around the country. To improve the interior, they would have to improve access to markets. In this way, SOEs will start internally to optimize their labor.
Competitiveness is assured.
These economies should remain outward-oriented. Then they will have access to world technology. I see no need to re-invent the wheel every time. India can become a miracle country if they don't go back to the old ways. All Rights Reserved.