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A case of home-grown problems

The narrative so far is that the downslide of India's economy is not a black-swan event, nor the outcome solely or even largely of adverse international constellation of economic forces. While numerous Indian objective realities need to be rectified and reformed, its sorry plight is not the result of these infirmities either. The principal factor is what the New York Times columnist Ross Douthat has recently called in another context "a closed circle of bellicose misjudgments".

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