Enterprise, education and eudaemonia

India needs and welcomes short-term fixes like the tax cut, but we must remember that this is jugaad economic planning

Economic growth and job creation are central to a nation. History teaches a truism: That society must be entrepreneurially hyper-active. 

A growth nation needs three Es: Enterprise to generate vibrant energy; education, which includes school/college, but also art, culture and skill-oriented forms of intellectual enhancement; and, finally, eudaemonia, the Greek-derived expression for human well-being in terms of health, happiness and relationships. The Roman, Mughal, Vijayanagar, Ming and Ottoman empires exemplify that the last two Es become elusive if enterprise is weak. 

Like Kumbhakarna, our system has finally woken up to the ground realities and the central role of enterprise. According to OECD