Is the Indian economy becoming ungovernable?

Is the Indian economy becoming ungovernable? The increasing confusion over inflation, the increasing pessimism over the government’s ability to ease supply and cost constraints on the economy, should prompt us to ponder this question seriously. Ungovernability is manifest in three different signs. First, the economy becomes increasingly resistant to any conscious goals set by the state. In a general sense, of course, the state cannot set goals for the economy as a whole. But it does make sector-specific interventions, often to enable the economy to function.

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