Why Stock Markets are Booming Despite Economic Decline
Inequalities of income and wealth have widened sharply in India in recent times. As large segments of the economy have become less competitive, crony capitalist oligarchs have prospered, supported by a corrupt nexus among capitalists, bankers, and the government, says Pranab Bardhan, who recently retired as professor of economics at the University of California, Berkeley, in the US, in this exclusive interview with NewsClick.
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