A Fantasy From New Jersy

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 […]

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How’s India’s Economy Going to Grow Now? Look to Its Farms

Its economic growth is stalling. So it may be time for India to squeeze more productivity out of its large, poor, sleepy and over-subsidized agricultural sector. Unlike China, India forgot to urbanize, researchers at Gavekal point out in a note.  And the first step of urbanization should have been land reform. Industrial economies often get there by handing farmers […]

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