Bubbles

How long do you remain protectionist. India has emerged from some level of economic protectionism, or is emerging, as rather uncompetitive. My thoughts were confirmed by an article in a Nepali paper on this subject. The example was clothing, which India should be a key manufacturer of, but ends up by a long way as a net importer from China. They point to the number of small businesses in India greatly reducing efficiency and hindering exports. The more worrying figure is that Indian growth is slowing, while still far behind the economies of other countries, and that factory output has briefly dipped for the first time in years. The future, from the fascist world of economics as the hippies tell me, or reality as I like to call it, is not so bright.