V1C4: UNDERMINING MARKETS: WHEN GOVERNMENT INTERVENTION HURTS MORE THAN IT HELPS
The Economic Survey 2020 gives an unapologetic defence of wealth creation. Many Govt measures — well intended — but over years become counter productive — pharmaceuticals and agriculture Undermined the ability of the markets to support wealth creation Outcomes opposite to those intended. Economic freedom enhances wealth creation — by efficient allocation of entrepreneurial resources […]
V1C3: PRO-BUSINESS VERSUS PRO-CRONY
Cronyism: It is the practice of partiality in awarding jobs and other advantages to friends or trusted colleagues, especially in politics and between politicians and supportive organizations. Dutch Disease: It is an economic term for negative consequences. It is primarily associated with the new discovery or exploitation of a valuable natural resource and the unexpected […]
V1C2: ENTREPRENEURSHIP AND WEALTH CREATION AT THE GRASSROOTS
The “Startup India” campaign of the Government of India recognizes entrepreneurship as an increasingly important strategy to fuel productivity growth and wealth creation in India. Chapter Focus: Content and drivers of entrepreneurial activity at the bottom of the administrative pyramid – over 500 districts in India. India ranks third in the number of new firms […]