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What is Coordination Failure in India about?

Coordination failure in India refers to the inability of economic agents to align their actions, resulting in a bad equilibrium where all are worse off despite the existence of a better alternative. Historical factors, such as colonial legacy and underdeveloped industrial bases, have exacerbated these failures, necessitating government intervention to facilitate investment and development. The Planning Commission of India addressed these issues through centralized planning, promoting cohesive economic growt

Author

Anil Paul

Language

EN