Wealth Creation: The Invisible Hand Supported by the Hand of Trust
- India’s dominance as global economic power for three-fourths of economic history manifests by design.
- Kautilya’s Arthashastra postulates the role of prices in an economy (Spengler, 1971).
- Historically, Indian economy relied on the invisible hand of the market with the support of the hand of trust:
- Invisible hand of the market reflected in openness in economic transactions.
- Hand of trust appealed to ethical and philosophical dimensions.
- Post-liberalisation, Indian economy supports both pillars of the economic model advocated in our traditional thinking.
- Survey illustrates enormous benefits accruing from enabling the invisible hand of the market.
- Exponential rise in India’s GDP and GDP per capita post-liberalisation coincides with wealth generation.
- Survey ....
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Survey
- 1 Chapter 9: Agriculture and Food Management – Plenty of Upside Left If We Get It Right
- 2 Chapter 10: Industry - Small and Medium Matters
- 3 Chapter 11: Services - Fuelling Growth Opportunities
- 4 Chapter 12: Infrastructure – Lifting Potential Growth
- 5 Chapter 13: Climate Change and India: Why We Must Look at the Problem through Our Lens
- 6 Chapter 1: State of the Economy – Steady as She Goes
- 7 Chapter 2: Monetary Management and Financial Intermediation- Stability is the Watchword
- 8 Chapter 3: Prices and Inflation - Under Control
- 9 Chapter 4: External Sector - Stability amid Plenty
- 10 Chapter 5: Medium-Term Outlook – A Growth Strategy for New India
