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Wednesday, October 19, 2005
The importance of competition
Vir Sanghvi writes in the Hindustan Times:
I agree. And that's precisely why I favour the unhindered entry of foreign media into India.
Cross-posted on The Indian Economy Blog.
The general view among politicians is that the media are accountable to nobody. This is plain wrong. Individual journalists are constantly being held accountable by editors and most newspapers are far more concerned about accuracy in reporting than they were, say, ten years ago.In the rest of his excellent article, Sanghvi argues that the state of the Indian media is better than ever before, and will improve as competition increases and readers are empowered with more choice.
The reason for this is simple enough: competition.
I agree. And that's precisely why I favour the unhindered entry of foreign media into India.
Cross-posted on The Indian Economy Blog.
