India could be an economic powerhouse, but it's not meant to be

This is a wonderful article about the outrageous bureaucracy that stifles the Indian economy like a wet blanket.  From the FT article:

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On my desk is the latest copy of the Indian magazine, Bureaucracy Today (“Fearless journalism, our habit, our history!”). It is not satirical. The cover story examines the merits of the budget-busting 23 per cent pay rise awarded to more than 10m serving and retired civil servants . Anil Kumar Jain’s astrology column in the magazine is notable for the way it recycles phrases through the 12 signs of the zodiac. They include “Planets indicate unbelievable financial gains during this month” and “You may be nominated for a plum post or for a foreign assignment”; or the disconcerting “The unusual behaviour of your spouse may be a cause of concern”.

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