Real reforms work when incentives of multiple stakeholders are naturally aligned. Animal spirits don’t get unleashed when animals are not allowed to follow their instincts. The reforms of the 1990s got that right and we strongly believe that the recent announcement to allow farmers to do what is best for them will also work for the same reason. They work because it is in the best interest of most of the participants to make it work.
As millions of small businesses and households plan for the post-Covid world, many are likely to lean on the only asset that they own
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
