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The Curse of Economic Success
I fear that there is this curse of economic success, that it becomes hard to question things when they work well for so long. I want to comment on the problem of things that work well for 30 years. We in India have had a good run from 1991 to 2011. In those 20 years, we got the best growth episode in India's history ever. But I also saw late in that journey, there was a lot of cockiness and complacency which turned out to be their undoing.