 "\"After a prolonged period of stress, the banking sector appears to be on course to recovery as the load of impaired assets recedes\" Shaktikanta Das, RBI Governor")
In game theory, a zero-sum game is one where what is won is exactly equal to what is lost. If you examine the current debate on the government and the Reserve Bank of India (RBI) — or for that matter any debate on governments and central banks anywhere in the world — you will find that this is how it is discussed. What one side gains is exactly equal to what the other side loses.
But this is a bad way of discussing the issues, especially in the Indian context where we can have both sides losing or both sides gaining.
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
