Is the “India Story” over, as many commentators have begun to observe? Actually, the more relevant question today is: How did it grow and circulate as widely and rapidly as it did? Unlike China, with which it was routinely and inaptly compared, India never undertook extensive land reforms, nor did it adequately train its workforce or set up large-scale labor-intensive manufacturing — three crucial enablers in the rise of almost all East Asian economies, writes Pankaj Mishra

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