India needs radical reforms, says academic
State ownership has gone too far but the state needs stronger capabilities in other areas, argues Vijay Joshi
India’s state needs to build its capabilities in some areas while stepping back from others if it is to deliver the productivity growth needed to lift its people from poverty, according to Vijay Joshi.
The former Reserve Bank of India official and Oxford academic gave a lecture on the need for “radical reforms” in India at an event organised by the RBI on December 11.
“India needs both less of the state and more of the state,” said Joshi. “It needs ‘less of the state’ because the state has
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