Unlike China, India Cannot Be an Economic Superpower
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Unlike China, India Cannot Be an Economic Superpower

Beginning in the mid-1980s, the prevailing belief among Indian and international observers was that the authoritarian Chinese regime would mismanage its economy, while democratic India would emerge as the bigger and more developed of the two. Instead, India is now paying the price for underinvesting in its human capital.

India’s Lawless Financial Capitalism Fosters a Culture of Scams
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India’s Lawless Financial Capitalism Fosters a Culture of Scams

The Harshad Mehta scam served as a stark warning against the perils of unregulated capitalism, but its message was overshadowed by the narrative of economic liberalisation. Post-liberalisation, India witnessed large-scale pilfering from state-owned banks, further eroding public trust in financial institutions.