The new GDP series continues to pose a problem because of the constant revisions being done within its period of coverage
We don’t need economists to tell us this, but institutions matter. In an empirical literature too large to cite, the strength of institutions is shown to be what sustains any country through good times and bad. We have many strong institutions in India, only we don’t think about them. The best institutions don’t shout their contribution from the rooftop, but do their work quietly to keep the country humming.
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