By 2003, India grew by almost 6% annually since 1992, after it suffered a financial collapse, abandoned import substitution, and gradually passed to the adoption of the Washington Consensus. Now, financial control, and competition barriers less burdensome, less inflation and the current account balance. However, the Minister of Finance in difficulty, with massive budget deficits and the continuing violations of Pakistan, which seem to deter foreign direct investment (FDI). The question before them is whether India can reduce these deficits (through the 2004 election), or let them slide, hoping that India's entrepreneurs and high-tech southern states will carry the day. "Hide
by Richard HK Vietor, Emily J. Thompson Source: HBS Premier Case Collection 29 pages. Publication Date: June 30, 2003. Prod. #: 703050-PDF-ENG
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