Gandhian legacies hobble India

December is the month when columnists tend to offer their forecasts for the new year ahead or review the year gone by. I will do both but over a much longer time frame than a year. As I ponder over the wreckage of our growth and development aspirations in the past two years, I am struck by the path-dependence of our economic policies and performance. That is, our economic ideas, policy choices and consequences from 40 years ago continue to constrain and influence our policies and performance today.

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