Very insightful piece. It has been rightly prescribed that growth should be pushed. In fact, ever since demonetisation, the growth has been much less the expectations and substantially low against the potential. Covid derailed it completely with only now pre-Covid output being reached in most sectors.
The observation that not enough demand has been created despite easy money policy is so true. The policy-makers must find its reasons and act swiftly before things go out of control. There is simmering anger among a section of society against the government and economic hardships can fuel it to the point of no return.
Great analytical opinion with clear examples waiting for the Government of India's prudent and prompt actions. Thank you, Mr Political-Economist Opinion Editor of India.
Very insightful piece. It has been rightly prescribed that growth should be pushed. In fact, ever since demonetisation, the growth has been much less the expectations and substantially low against the potential. Covid derailed it completely with only now pre-Covid output being reached in most sectors.
The observation that not enough demand has been created despite easy money policy is so true. The policy-makers must find its reasons and act swiftly before things go out of control. There is simmering anger among a section of society against the government and economic hardships can fuel it to the point of no return.
Anand P Seth
Great analytical opinion with clear examples waiting for the Government of India's prudent and prompt actions. Thank you, Mr Political-Economist Opinion Editor of India.