Question of the Day (10-Jun-19)
Indians are smart people. If they cannot rise in the World Bank’s ease of doing business rankings, it is not because they need consultancy from McKinsey on better procedures but because the current structure and process yield rents while online registration of a new company in 40 minutes, complete with municipal permits and power and water connections, would not. Corruption is killing growth.
In the reference to Indians being smart people (first sentence) the writer is: