Much of the early literature on development economics focused on real factors such as savings, investment and technology as main springs of growth. Very little attention was paid to the financial system as a contributory factor to economic growth.
And now, when I have virtually no hair left, I am paying ₹ for a hair cut. I struggle to determine how much of that is inflation and how much is the premium I pay the barber for the privilege of cutting the Governor’s non-existent hair. 24.