A 12th grade student argues that “The Indian population remains one that needs to be taken care of. It is simply not ready to be left alone in the wild yet”
But there is no way to agree his point in this generation and in future. But having recent experience we all have to agree some or other what the other student says.
“Government is no substitute to free markets. All the same, free markets, as recent events demonstrate, can't do without government (which corrects market failures). So the big question is not of government versus free markets. Nor is it about "how much" state intervention but of "what kind." This is as true for the Indian economy as any other!”
See here for full article debate in WSJ
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