The past decade has improved ease of doing business. But high costs – across credit, land, inputs, logistics and compliance – still erode competitiveness. India must benchmark these against countries like Vietnam and China, and use that evidence to address its structural cost disadvantage. Cost of capital: India's cost of capital is higher than that of China, Vietnam and other economies. Domestic private sector credit is between 50% and 55% of GDP, which is only a third of the global average of 148%. This reveals a significant opportunity for credit growth. Expanding credit and lowering its cost are crucial.Large government…