crony capitalism in india : India is ranked at ninth position in crony-capitalism with crony sector wealth accounting for 3.4 per cent of the gross domestic product (GDP), according to a new study by The Economist. Raghuram Rajan in a recent speech touched upon how crony capitalism slows down economic growth by killing transparency and competition. Here is what he had to say: “One widely held hypothesis is that our country suffers from Read More …
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