How can India simultaneously grow and create jobs, attend to its growing environmental crisis, and proactively address inequality? Conventional thinking holds that these objectives can only be achieved sequentially — grow first and clean up later; or grow first and redistribute later. An emergent set of ideas suggests we can do better.
The core idea emerges from a debate over the role of the government in development policy. Should the government limit itself to providing law and order, fiscal health and enabling well-functioning markets, as argued in the Washington Consensus of the 1990s-2000s? Or should it actively steer the course of development — an approach which resulted in the East Asian miracle growth in South Korea and Taiwan in the 1970s-80s — through the use of industrial policy that targets key directions and sectors? Read More
Latest posts by The Hindustan Times (see all)
- Pune-Mumbai expressway, 20 minutes faster : Work begins - March 26, 2019
- To stop bootlegging, emergency chains on trains to be disabled - March 23, 2019
- Move IST ahead by 30 minutes, save 3.5 billion units of energy: Scientists - March 20, 2019