ASIA-PACIFIC There is a revealing line hidden away in the text of the Financial Times’ interview with Manmohan Singh, India’s prime minister, that is published today. Asked about “the future of capitalism, especially in India”, he replies: “We are a mixed economy. We will remain a mixed economy. The public and private sector will continue to play a very important role”.
This is significant because it underlines his continuing belief in India’s public sector and his long-held reservations about wholesale privatisation.
