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Sadanand Dhume @dhume on x 174.1K followers
Created: 2025-07-23 04:29:09 UTC
If you think of India’s old license-permit raj as a way to enhance productivity it was obviously bonkers. But if you think of it instead as a sophisticated system to extract bribes from businessmen it was well designed. [From “Backstage: The Story Behind India’s High Growth Years” by Montek Singh Ahluwalia.]
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