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The Real Cost Of Bureaucracy

August 22, 2013 3 Comments

“The government in India, through its incredible bureaucracy, has retarded economic growth in the last 20-30 years by at least 3% per annum in real terms.”-Marc Faber

Filed under Tidbits Tagged with bureaucratic bungling, Marc Faber, postaday

About Keerthika Singaravel
Engineer,Investor,Businessperson

3 Responses to The Real Cost Of Bureaucracy

Alex Jones says:

August 22, 2013 at 9:44 pm

The State has always been a complex animal costing business money due to red tape.

Reply
- Keerthika Singaravel says:
  
  August 22, 2013 at 10:07 pm
  
  Ours are still stuck in Victorian times.How about yours?Have they adjusted their attitude to the modern world?
  
  Reply
  - Alex Jones says:
    
    August 22, 2013 at 10:08 pm
    
    No, the UK seems to like complexity of red tape.
    
    Reply