Sunday, May 28, 2017

Martin Wolf reviews a book on India

Discussion  in MR India fact of the day Name of the article is 'India's long road to prosperity' review of a book by Vijay Joshi India's Long Road: The Seach for Prosperity one quote from the review "Among the many failures is the waste of state resources on inefficient subsidies that, though often given in the name of the poor, actually go to the better off. Indeed, one of the most original and persuasive aspects of the book is the argument that it would in principle be possible to provide a basic income to all Indians sufficient to lift everybody out of extreme poverty merely by diverting resources wasted on grotesquely costly subsidies."

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