There is a common thread across Pranay's sections. Incentive schemes are likelier to work when they minimize discretion/ admin overhead. Having a series of committees and politicians to determine the winning sectors and then eligible players is a recipe for failure. Likewise on API procurement, good outcomes are likelier if incentives come down over time - companies should have 5 years (plus 2-3 of set up time) to become efficient producers, but then be forced to compete in an open market. Bureaucrats choosing winners for extended periods is bound to result in corruption and waste.
There is a common thread across Pranay's sections. Incentive schemes are likelier to work when they minimize discretion/ admin overhead. Having a series of committees and politicians to determine the winning sectors and then eligible players is a recipe for failure. Likewise on API procurement, good outcomes are likelier if incentives come down over time - companies should have 5 years (plus 2-3 of set up time) to become efficient producers, but then be forced to compete in an open market. Bureaucrats choosing winners for extended periods is bound to result in corruption and waste.
Love it when you are fierce, RSJ. Absolutely love it.