Professor at Dartmouth College, Vijay Govindarajan, says the government should increase public spending to ensure a healthy demand in the system and also encourage private spending
With innovations that originate in poor countries, cannibalisation could be a problem for Western multinationals, but is an opportunity for Indian corporates.
Speaking to CNBC-TV18’s Shereen Bhan, Vijay Govindarajan said India's biggest disruptive idea— The Nano— has immense potential and should not be written off prematurely.