Our imports are driven by pure economics, not love for China: Rathin Roy

In a Q&A, the director of NIPFP, who steps down in August, dwells on his reasons for quitting and his future plans,

Arup Roychoudhury | New Delhi
Last Updated at June 23, 2020 16:58 IST

With this crisis, the big question of public finance is that can public resources be used more effectively and efficiently to achieve better outcomes than they have been used for the past 40 years.

Rathin Roy, director of National Institute of Public Finance and Policy, steps down from position in August, after a seven-year stint. In this interaction with Arup Roychoudhury, Roy speaks on his reasons for resigning and his future plans. Roy, who has also been a former advisor to Prime Minister Narendra Modi, also says that India will have to make a plan to produce at a lower cost if it hopes to compete with China, instead of a ‘childish pique’ of boycotting products, and that any decision to monetize the deficit should be accompanied by a clear plan on what the outcome of the money spent will be. Excerpts:

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