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Letter to BS: Almost everything seems to be going wrong on economy front

Taking knee-jerk actions, under populist pressure, has never helped any government or for that matter any business conglomerate

Reserve Bank of India
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FILE PHOTO: A security personnel member stands guard at the entrance of the Reserve Bank of India (RBI) headquarters in Mumbai | Photo: Reuters

Business Standard New Delhi
I admire your elegantly articulated advice to the government, “Staying calm” (September 11). Your detailed list of what to do and what not to should help those in charge to, hopefully, survive through the present crisis. Undoubtedly, almost everything seems to be going wrong on the economy front. Most of our fiscal targets seem to be in danger. Only the single mantra of “staying calm” can — and will — help at this difficult juncture. Taking knee-jerk actions, under populist pressure, has never helped any government or for that matter any business conglomerate. The only silver lining is that a