In August in a post, Is the Indian Government the Greatest Enemy of India’s Prosperity?, I had quoted a WSJ piece which read in part, “Because India’s entrepreneurs have succeeded amid dysfunctional government and financial institutions by developing a kind of independent and experimental ingenuity, it stands to reason that the enterprising class would prosper even more were India to reduce barriers to business and clean up corruption.” I commented on that and wrote:

Yoda editor must have been of the column Ashok Desai by Telegraph in of Aug 15th.

Sayeth Desai:
If instead of the Hindu rate of growth of 3.5 per cent, India had achieved 6 per cent in 1950-80, we would have been twice as rich as we are today. But we have lost even more in terms of distribution of growth than of growth itself. We would have been even richer in terms of consumer goods. We would have worn better and cheaper clothes, and owned more white goods that take …