Opinion | Social harmony is good for economic growth
Economic growth seems to have been made by some economists into the ultimate goal of public policy, and even the purpose of all human endeavour
Prime Minister Narendra Modi promises to eliminate corruption in India. His signature economic reform—demonetization—was supposed to be a masterstroke to uncover black money and reduce corruption. It back-fired and stalled economic growth instead. Growth is required to create more jobs to increase citizens’ incomes and lift more people out of poverty. Can we have both: less corruption and higher growth in a developing economy?