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As the economy teeters on the thin dividing line between a prolonged slowdown and recession, the debate continues to rage on whether the problem is structural or cyclical. The US – China trade dispute and the corona virus scare constitute global headwinds which have undoubtedly impacted the Indian economy. External shocks like demonetisation (along with the consequent effects on small business and real estate) and haphazard implementation of GST have also halted the economic momentum. However, these factors can at best be only a partial explanation to the much deeper malaise which lies within. Certain problems that our policymakers [...]