There is nothing more satisfying than re-inventing the wheel. Economists generally are particularly good at it, and Indian economists are even better.
If you don’t believe me, just read the writings of pre-1947 Indian economists in J Krishnamurty’s Towards Development Economics: Indian Contributions, 1900-1945. Your eyes will pop open.
Thus, several years ago, I was in Bangalore just after some Hindu-Muslim riots had happened in a district. A friend who is now a professor at the National Institute of Advanced Studies explained why.
Thanks to Congress policies in subsidising sericulture, which was dominated by Muslims, but not the rearing of silkworms — which
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