Tuesday, February 8, 2011
India risks backlash in $9bn Cairn crisis
Ask an Indian politician how India can compete with China and he will point to two principal mechanisms: democracy, which provides a powerful tool for resolving political conflicts, and the independent legal system, which underpins contracts and deters arbitrary government.Few would question India’s commitment to democracy, rough edged and messy as it is. But a clumsy intervention by the oil ministry in a $9.6bn energy deal is raising awkward questions about whether the same remains true of
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