Balancing act: Government policies need to be bifurcated to address the economic crises facing the two Indias — rich and poor. PTI Aunindyo Chakravarty Senior Economic Analyst
It is now widely accepted that India is facing the mother of all demand crises. Our factories are running at way below capacity, because people don’t have enough money to buy the goods they produce. From politicians to pink-paper pundits, corporates to columnists, everyone agrees that the only way to stimulate demand is to put money in the hands of the poor, so that they buy things. The quibble is over what […]
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