
Some thoughts on Economics for India
Many people, including many Indian economists, believe that for progress India should encourage and facilitate foreign investment in India. https://www.investindia.gov.in/team-india-blogs/advantages-foreign-direct-investment I do not agree, and would like to give my reasons. The English economist Adam Smith in his classical book ‘ The Wealth of Nations ‘ published in 1776 advocated open markets, and relatively barrier…