Pranay Kotasthane and Raghu S. Jaitley on Individuals and the Indian State
Ideas of India
00:00
The Role of Government in the Economy
In a developing country, you can have provisioning and financing, but you should definitely not enter production. No sandalwood, no modern bakery, no loade hotel, no Hindustan latex limited. Like all these things are out of the out of the remit of government. And as countries become richer, the government role actually increases in terms of spending. But governments then do lesser things and do them well. The things that they do are mostly related to regulating well and increasing regulatory state capacity rather than trying to do.
Transcript
Play full episode
