Best of BS Opinion: No self-congratulation, learning to grow, and more

Here are the top BS Opinion articles of the day

The Economic Survey 2021-22 that was tabled in Parliament on Monday has rightly pointed out that India is finally emerging from the shadow of the pandemic. Yet, as the top edit argues, this should not be grounds for self-congratulations any more than claims that the government’s pandemic response was agile. For one, expectations from 2021-24 suggest that India’s recovery is less sharp than its comparator nations. For another, the government could not have done anything other than it did in its pandemic response because of the failures of the welfare system. Read the edit here 

In other views:

R Jagannathan says the government should stop thinking it can artificially stimulate job creation and enable investments in information flows about jobs and skilling instead. Read his argument here

Prosenjit Datta points out that India can no longer depend on cheap labour as a competitive advantage. Read it here

The second edit explains why reopening schools should be a priority. Read it here

QUOTE OF THE DAY

“We live in uncertain times; geopolitical risks bubbling up, oil prices have spiked up, withdrawal of global liquidity by major central banks likely. Can our macroeconomic indicators give us a buffer during these times?”

 

 Principal Economic Advisor Sanjeev Sanyal