Savitri Era of those who adore, Om Sri Aurobindo and The Mother.

Sunday, September 09, 2007

India’s states have gained influence as its central government has gradually lost power

FE Home - ‘Democracy no hindrance’ Sunday , September 09
Dalian, Sep 8 Despite political difficulties and uncertainties often plaguing India, the country’s vibrant democratic structure is a help rather than hindrance to the economic growth, according to panelists at the World Economic Forum (WEF).
This view emerged at a session on Growth Hotspots—Focus on India, attended by panelists from India at the WEF summit here. The session, not open to the reporting media, noted that over the past 15 years, India’s states have gained influence as its central government has gradually lost power. The devolution of power from the Centre to the states has created new centres of economic dynamism, but has reduced the ability of any one government to alleviate the growing gaps in development between states, the panelists felt. —PTI

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