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The Philippines Can Also Learn From India's Economic Growth

Today is Indian Independence Day, right? It would be the 74th year (75th by lunar reckoning) of India as it was set free from British rule. One may go ahead and think about how India's COVID-19 crisis happened after the Kumbh Mela Festival. That proves that people who don't follow guidelines will really cause an increase in COVID-19 infections. However, we can learn from its successes with economic liberalization aside from federalism and parliamentary. The Indian economic growth  India has had a better performance in its economy. Don't believe me? Try reading the Indian economy in 75 years from NDTV Profit and one of the FUNDAMENTAL components is acceptance of FOREIGN DIRECT INVESTMENT (FDI). Here's a statement from the article I just shared earlier: Foreign Direct Investment: In the pre-liberalised ‘license raj' India, foreign investment was limited if not non-existent. In 1948, the total foreign investment in India stood at ₹ 256 crore. However, since the 1991 l...