A suggestion for Indian Capitalism

India’s economy holds great potential, but there is a big risk that this will not be translated into reality. On current trends, India is en route to the Latin American path, in which episodes of fast growth tend to stall in the long run. Signs of Latin Americanisation lie in the consolidation of what has been referred to as ‘oligarchic capitalism’, with its drawbacks of widespread informalisation, rising extremes of inequality, and a corporate-financial nexus of bad assets that risks growth and macroeconomic stability.

https://theprint.in/opinion/modi-needs-to-save-indian-capitalism-before-it-goes-down-latin-american-path/256523/


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