Breaking the Mould: Reimagining India's Economic Future
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Being anti-government should be a protected status, being anti-national should not, the difference is important.
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The Centre also has the power to supersede state governments in a national emergency. Therefore, an independent Supreme Court is once again key to ensuring that an authoritarian Centre does not overwhelm states.
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Raghu recalls a joke that the South Korean executive director at the International Monetary Fund (IMF) told him when Raghu marvelled at how much South Korea had achieved, even though it had been as poor as India in the 1960s: The Indian finance minister was once on a trip to Seoul. In the Korean finance minister’s office, the Indian minister asked him the secret of Korea’s success. The Korean minister pointed to a set of thick black tomes lining the shelf behind. ‘It is all in there,’ he said. The Indian finance minister went closer to read their titles, laughed and said, ‘Why, these are our ...more
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A thoughtful bureaucrat once told Raghu that India moves in cycles of growth followed by redistribution, then growth again, and that is what keeps it stable. The frequent protests by various communities in India today, demanding to be included in reservations for education and jobs, and the recent farmers’ resistance to changes in farm laws is a reminder to those already moving that those left behind are losing patience.