When the common flower girl, Eliza Dolittle, is taken to the Ascot races in the classic.
What sort of environment will we bequeath to our children, and who will decide the political and economic weight we place on the utility of future generations? We can think of two fundamental institutions at the heart of this decision—markets and government.
India has the opportunity to choose an alternative, cleaner growth path. We should focus on policy reforms that address institutional failures to roll out low-carbon infrastructure.