India's middle income trap

In the Financial Express today, I have a piece on India's
middle income trap: Don't take growth for
granted. Coincidentally, on the same
day, T. N. Ninan
in the Business Standard had a piece on a similar theme,
and in the Indian
Express, Shekhar
Gupta ponders where UPA-II went astray.

My thinking about these questions in recent weeks has been prodded
by questions about entry of private banks, and
by the
campaign against C. B. Bhave.