Deadly Labor Wars Hinder India's Rise http://online.wsj.com/article/SB125858061728954325.html
Excerpt: "We can't be a capitalist country that has socialist labor laws," says Jayant Davar, president of the Automotive Component Manufacturers Association of India. The unrest serves as a reminder that India has far to go before it stands alongside the world's other economic powerhouses. With its widening middle class and growing base of rural consumers, India has averaged more than 8% growth for the last half-decade. It is seen as a country that can help lead a global economic recovery. But first, it must show it can ride out booms and slowdowns alike. The country's manufacturing sector, after growing about 7% annually for the past 16 years, logged 2.4% growth in the 12 months that ended in March. That has pressed manufacturers to make some unpopular cutbacks -- spurring labor actions that have slowed production further and suppressed growth. [end of excerpt]
