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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Economic Survey
- 1 Social Infrastructure, Employment and Human Development
- 2 Services Sector
- 3 Industry and Infrastructure
- 4 Agriculture and Food Management
- 5 Sustainable Development and Climate Change
- 6 Prices and Inflation
- 7 Monetary Management and Financial Intermediation
- 8 External Sector
- 9 Fiscal Developments
- 10 India’s Economic Performance in 2019-20
- 11 Thalinomics: The Economics of a Plate of Food in India
- 12 Is India’s GDP Growth Overstated? No!
- 13 Privatization and Wealth Creation
- 14 Financial Fragility in the NBFC Sector
- 15 Golden Jubilee of Bank Nationalisation: Taking Stock
- 16 Targeting Ease of Doing Business in India
- 17 Creating Jobs and Growth by Specializing in Network Products
- 18 Undermining Markets: When Government Intervention Hurts More Than It Helps
- 19 Pro-business versus Pro-markets
- 20 Entrepreneurship and Wealth Creation at the Grassroots
