India Will Not Be The Next China: Washington Consensu & Protectionism

The video discusses India's economic history, focusing on the transition from a Soviet-style planned economy to a more open market system. It highlights the role of the IMF and the Washington Consensus in this shift. The video explains protectionist policies, their benefits, and drawbacks, and compares them to subsidies. It also covers the License Raj, a system of intense regulation that hindered business operations in India, and how its removal helped unlock India's economic potential.

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