Best of BS Opinion: Emerging macro instability, Fed hiking cycle, and more

Here are the best of BS Opinion pieces of the day

The two edits discuss the global economy and the manner in which geopolitical shifts have affected India. Read here and here.

Akash Prakash: In all earlier cycles, the Fed did not have to worry about inflation. This is not true today. Read it here.

Read Indrajit Gupta for arguments in favour of returning to office and those against it, here.

Mahesh Vyas locates the unemployed by their income class. Read it here.

QUOTE OF THE DAY

 

I seriously doubt the estimate that India's real GDP will be at 9 per cent or 8 per cent … These numbers are no longer credible.

 

Former Union finance minister P Chidambaram