Best of BS Opinion: Deeper correction, Air India privatisation, and more

Here are the top BS Opinion articles of the day

Tensions over Ukraine and its implications for oil and gas supplies and rising inflation and threats of tightening liquidity are impacting stock valuations in India, even though an economic recovery is still in progress and the pandemic is easing its grip. India, which was among the best performing markets of 2021, could experience one of the more extreme corrections as sentiment changes. The top edit outlines the future pressures. Read it here

Nitin Desai says raising the tax-GDP ratio is the most effective way of financing rising revenue expenditure. Read it here

Tamal Bandyopadhyay explains why the listing of LIC is the elephant in the budget. Read it here

Debashis Basu highlights the fact that millions of newbie investors with no behavioural fortitude to separate the wheat from the chaff will determine the immediate trajectory of the market. Read it here

The second edit says Air India privatisation is a milestone in India’s reform. Read it here
 

QUOTE OF THE DAY

‘The essence of stagflation is falling employment and rising prices and that we are experiencing. There is no debate about it’

 

Jayati Ghosh, development economist, in Business Standard