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Karma catches up with the rich

The world's most powerful nations are accountable for colossal economic and political mismanagement

Topics
world economy | Inflation

R Jagannathan 

R Jagannathan

The finance minister provided a useful global context to evaluate India’s economic performance during the debate in Parliament on the other day. While it is fair to note, as many Opposition members did, that for the poor absolute levels of matter more than the relative performance against global peers, informed comment needs context. There is no way to judge any government’s policy success or failure without benchmarking, and Nirmala Sitharaman was right to point out that on both the growth and fronts, India was doing much better than its neighbours and the developed world.

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First Published: Tue, August 02 2022. 22:34 IST
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