MKV's 360 Degrees | 'India's Mediocre Economy Will Not Change'
Economist Rathin Roy attributes this, in part, to the fact that the government continues to allow wealth to concentrate in the hands of the rich.
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Economist Rathin Roy asserts India's growth will concentrate among the rich and the government will pay for the welfare of the very poor, leaving the vast majority of the middle class in a state of income-consumption stagnation. This is the mediocre, low productivity model of India's economy.
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