 "Economic policy")
“The numbers don’t add up. It is cyclical here... one government… does things wrong, then a new one comes and wants to improve things. Sometimes it does not work out...”
These comments are not about India but about Argentina, a rich country once, now less so because of recurring economic crises. An article in the Financial Times, “Argentina: a life of boom and bust”, is a cautionary tale we would do well to heed.* This is what happens when the numbers repeatedly don’t add up, resulting in cycles of bust, bailout and partial recovery. For India, there are also the
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