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Growth matters

Our goal of being a $5 trillion economy by 2024 is the first step. We need sustained growth of 8-10 per cent for 30 years

Naushad Forbes 

Naushad Forbes

Some of my favourite stories growing up were about Akbar and Birbal. With each hour bringing news via whatsApp (everyone’s untrustworthy source) of the exponential growth of coronavirus cases worldwide, I am reminded of the famous Akbar-Birbal story of exponential growth.

As we all recall, Akbar presses Birbal to claim a reward; Birbal takes a chessboard, and asks for one grain of rice on the first square, two on the second, four on the third, and so on, doubling with each square. The punch line, of course, is that by the time one gets around the board, the grain needed far exceeds ...

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First Published: Thu, March 19 2020. 00:25 IST
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