Need for more as well as less democracy!

♤ The answer to the democratic dilemma is therefore both more and less democracy. A lot more local ownership and self-governance, with less special interest, bureaucratic and other distortions at the top.

♤ A study by the management firm McKinsey & Co. concurs that greater privatization, removal of restrictions on foreign investment and reform of land ownership laws could virtually double India’s GNP and raise the real incomes of farming families by over 40%.

♤ Poor people must be empowered to literally make their own business plans, as successful micro-credit schemes have encouraged, and fiscal management must be decentralized.

♤ In addition to this government must focus on stimulating spirit of entrepreneurship.