A study in continuing anarchy

Half a century back, John Kenneth Galbraith, the then US ambassador to India, described the country as a “functioning anarchy”. More recently Martin Feldstein (The Economic Times, 15 March), the renowned economist and a self-confessed “big fan” of India, recently said that “it is something of a miracle that India works as well as it does, and it is growing as well as it does”. Obviously, things have not changed much since Galbraith’s day, but should we continue to depend on miracles for growth?

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