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Covid-19, economic 'comorbidities' put India's progress since 1991 at risk

By the time the debris of this economic earthquake settles, it may have buried the progress India has made since 1991

Topics
Economic slowdown | Reserve Bank of India | State Bank of India

Rahul Jacob 

Rahul Jacob

Most central bankers have an elliptical, roundabout spe­aking style. By contra­st, Raghuram Rajan, when he was the governor of the Reserve Bank of India (RBI), was both an enthusiastic educator and remarkably direct.

Spe­aking to The Wire last month, his tone was funereal. “This is a nation-threatening crisis,” Rajan said, his voice seemingly quavering over Skype, as he appealed to the government to reach out to the wealth of economic experience in India. Mint’s Micro Tracker last week sho­wed that most macroeconomic indicators were substantially below ...

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First Published: Mon, June 29 2020. 21:03 IST
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