GDP is a construct that tells us far less about progress than the hoopla around it would suggest. India’s statistical system would fill a big void if it creates a truly useful measure of well-being.
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35 yrs of Mahalanobis model vs 35 yrs of Manmohan Singh. Two key moments of Indian economyNew Delhi: The story of India’s economic history is a tale of two economists—Prasanta Chandra Mahalanobis and Manmohan Singh. And two key moments stand out: the Second Five-Year Plan of 1956 ...
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