Creating virtuous growth
In my last column, I introduced the concept of virtuous growth, which subsumes the idea of inclusive growth. Virtuous growth includes promoting fairness, but it also means avoiding societal change that corrupts and degrades positive human values. In this column, I want to spell out how India might create virtuous growth in practice. Virtue and inclusion, as characteristics of growth, may be the keys to sustaining that growth, besides having intrinsic societal value. However, it is important not to make the pursuit of virtue a pursuit of an unattainable utopia.
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