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that will continue, but it is important that the caring side of the argument is not lost in the
clamour for growth.
Notes
1 .
'Land row murders trigger concern', The Telegraph , 27 April 2012, ht-
tp://www.telegraphindia.com/1120428/jsp/bihar/story_15425698.jsp#.UVbYlhcSaSo
2 .
'Licence raj has been replaced by land mafia raj', DNA , 30 October 2010, ht-
tp://www.dnaindia.com/opinion/interview_licence-raj-has-been-replaced-by-land-
mafia-raj_1459666 ; interview with Raghuram Rajan when he was professor of finance
at the University of Chicago's Booth School of Business and a part-time economic ad-
visor to Manmohan Singh. A former chief economist at the IMF he became the chief
economic adviser at India's Ministry of Finance in December 2012. His Fault Lines:
How Hidden Fractures Still Threaten the World Economy , was named the FT-Goldman
Business Book of the Year for 2010
3 .
Rajan based these remarks on an article written in 2008 for Outlook magazine by Jayant
Sinha of the Omidyar Foundation, formerly a hedge fund manager and McKinsey part-
ner. See also 'Has India's Gilded Age Lost Its Luster?', CNBC.com 5 November, 2012,
http://mobile.cnbc.com/special_reports/5/content/49306639
4 .
Raghura Rajan, Fault Lines: How Hidden Fractures Still Threaten the World Economy ,
Princeton University Press 2010, http://press. princeton.edu/titles/9111.html
5 .
http://ridingtheelephant.wordpress.com/2007/05/01/special-economic-zones-are-
about-people-not-just-development/
6 .
Information given to JE privately by owners.
7 .
'Gurgaon master plan a gold mine for realtors', Business Standard , 5 November 2012,
http://www.business-standard.com/article/companies/gurgaon-master-plan-a-gold-
mine-for-realtors-112110500076_1.html
8 .
http://www.ide.go.jp/English/Research/Region/Asia/201108_sato.html
9 .
'Blood on the road to Agra', Tehelka , 21 May 2009, http://archive. tehelka.com/
story_main49.asp?filename=Ne210511BLOOD.asp
10 . In conversation with JE, January 2013.
11 . 'Blood on the road to Agra', Tehelka , 21 May 2009
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