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A long haul yet before the narrative on the economic crises really changes

While change will have to come first in consumption to spur corporate investment, depression in the farm sector needs attention. Besides, all structural issues wait to be addressed, writes T N Ninan

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T N Ninan
It has long been said that it takes a crisis for Indian politicians to undertake systemic economic reforms. We have seen the truth of that adage over the past week. Additionally, it was probably Arun Shourie who said that, for the Modi government, managing the headlines on the economy is almost as important as managing the economy itself. That would explain the brilliant timing of the finance minister’s press conference yesterday, 90 minutes before the lowest quarterly GDP growth numbers in six years were announced, with manufacturing growth at a dismal 0.6 per cent. The National Statistical Office’s ominous thunder
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First Published: Aug 30 2019 | 7:54 PM IST

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