Sunday, May 24, 2026

Strike the economy’s head pin: Recall Say’s Law? Let supply drive India’s growth, don’t wait for demand

Aviation tells a similar story. In the early 1990s, a round-trip from Kolkata to Mumbai cost around 20,000, or over 1.5 lakh in today’s terms. Flying was a luxury. Today, the same journey costs a tenth of that. As routes expanded, competition intensified and scale improved efficiency, the Indian middle class took to the skies. Again, supply expansion triggered demand creation.

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