Letters: Too much freedom

Image
Business Standard New Delhi
Last Updated : Jan 21 2013 | 4:10 AM IST

This refers to the Chinese Whisper item on Kaushik Basu getting his “freedom of expression” back once he returns to Cornell after his tenure at the finance ministry (“Talkie after talk,” May 1). It seems to me that economists in India already enjoy enough freedom of expression. We hear almost every economist make predictions about the GDP growth rate and inflation and the time period within which it would ease. We often hear them say there’s a need to cut deficit and that a high subsidy bill is the biggest challenge and so on. Indeed, our economists also have complete freedom of expression when it comes to estimating the number of poor in our country — some say 77 per cent are poor, others say 55 per cent and yet others make estimations ranging from 41 per cent to 27 per cent. They also seem to be fond of writing joint letters to the prime minister, expressing their views on various issues. Hence, I feel that Indian economists in general enjoy a great deal of freedom but lack accountability and are never held responsible for the predictions and assertions they make. They also seem out of touch with reality and know very little of what goes on outside their office premises.

S C Aggarwal New Delhi

Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 03 2012 | 12:00 AM IST

Next Story