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Episode 61 - India’s Rising Soft Power with leading American Sociologist Professor Salvatore Babones

ANI Podcast with Smita Prakash

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The Import Substitution Economy of India

India needs to privatize remaining state-owned enterprises and reduce regulation. India imports $10 or $20 billion of edible oils, which could be made in the country. The way to do that is through marketization of agriculture. If India simply gets rid of all of the oppressive government regulation, industry will boom in India.

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