Rajabhishek Dey
Rajabhishek Dey is a PhD research scholar at Indus University, Ahmedabad, and an Adani Indology Scholar at the university's Centre for Indic Studies.
India learns state’s role in market economy
For decades, India’s economic debate was framed through a simple story. The state planned, regulated and licensed excessively; private enterprise was constrained; then came 1991, when licences were dismantled, the economy opened and growth accelerated. The conclusion seemed obvious: the state was the problem and the market was the solution.
