The single most critical determining factor for the future would, by all accounts, be the improvements in governance that impacts personal security, property rights, business environment, and above all, a sense of fairness in the conduct of public policy. India and LSE Before concluding, I would like to recall that many distinguished Indians benefited from education at the LSE.
About one-half of the 1 percentage point increase in productivity growth over the 1995-1999 period can be attributed to so-called “capital deepening”. As everyone here is well aware, providing your workers with more equipment improves his or her efficiency. Likewise, at the aggregate level, the high (and rising) levels of business investment raised the amount of capital per worker and thereby boosted productivity.