But, since then, most countries have grown out of that philosophy of economic management. They did, but it was a smart State. The rapid growth of Asian economies was due to the shrewd marriage of a smart State and an enterprising private sector. India lacks a smart State. Corruption cannot be removed while there is a large public sector which affords politicians and bureaucrats opportunities for patronage and rent seeking.

Source: Indian Express February 24, 2018 20:27 UTC