NEW DELHI, Dec. 16 (Xinhua) -- Lee Kuan Yew, Minister Mentor of the Singapore, has suggested a four-pronged strategy for India to grow beyond the current 8 to 9 percent rate of economic growth, according to local media on Wednesday."India needs to first of all, cut down on red tapeism; second, provide greater incentives for the private sector; third, address the challenge of infrastructure shortage; and finally, liberalize foreign direct investment norms in the country," Lee said in an interview here with local media.
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