 "Conglomerates, Indian companies")
Economists seem to be living in a time-warp, an alternate universe divorced from current realities. When you hear the same remedies being trotted out repeatedly, no matter what the situation, one wonders if they are capable of agile thinking.
A former deputy governor of the Reserve Bank of India, Viral Acharya, has listed five challenges for India’s continued growth. Some of them are motherhood statements which few can disagree with, but others involve a substantial disconnect from current geopolitical realities.
In a paper published by Brookings Institution in March, Dr Acharya says that India’s rush to catapult itself higher in
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