In 1956, India nationalized 245 private life insurance companies. Today LIC is 5th most valuable in world. Holds 286m policies and 64% of premium revenue. With $507bn AUM, privatizing 25% of it is going to shake up India’s political economy.
economist.com/finance-and-ec… https://t.co/BIrF1O6Cqj
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…