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India’s best known economic policymaker of his generation, Raghuram Rajan, warned the nation this week against believing its own “hype” about a newfound era of stronger economic performance.
But what if everybody just goes on believing it anyway? Confidence can create its own dynamics, as no less than John Maynard Keynes recognized in coining the term “animal spirits” almost a century ago. Lately, those spirits have been lively with regard to India.
Harry Miller is a writer and editor based in Toronto who has Ten years of experience in the journalism industry. Before coming to Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and a breaking news reporter with the Toronto Star. Miller currently holds two bachelor’s degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.
