As trade wars and conflicts, such as the one in the Persian Gulf, impact global economies, including India’s, it is important to recall the dynamism of two Indian sectors. In 1968, two entrepreneurs started TCS and Lupin. In the same year, Nobel laureate Gunnar Myrdal wrote Asian Drama, 2,200-pages+ tome that defended India’s five-year plans, supported industrial licensing, and advocated capital allocation based on input-output tables created by PhDs.
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Views expressed above are the author’s own.
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