💨 Abstract

The article discusses the low per capita GDP of India compared to South Korea and Taiwan, attributing India's underperformance to a lack of world-beating firms that produce goods and services in demand globally. It is suggested that India should emulate South Korea and Taiwan's political economy, which promotes liberal globalism, better governance, low tariffs, and free markets to stimulate economic growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖