An elusive formula

It was almost inevitable that some commentators would describe India’s inaugural Formula 1 Grand Prix as an inappropriate event in a country that still qualifies for lower middle-income status. Certainly, it is difficult to ignore the contrast between the unabashed capitalism demonstrated by this 65-year-old tournament and the abysmal human development record of Uttar Pradesh, the state in which the event was hosted. The observation may be valid, but to focus exclusively on this issue is to miss the useful takeaways from an event that has done India’s global reputation no harm.

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