India thrives not by growth alone

...............There are academics who write about them without having the benefit of experience in government or the Reserve Bank of India. Then there are the ‘insiders' — those associated with policymaking or crisis management putting down their views after retirement. Finally, there is the ‘privileged' class of economists who have shared “revolving door” relations with the Washington-based Twins and the government. They are the blessed ones who carry sacerdotal authority and write for the pink papers. Shankar Acharya belongs to this class...........

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