Business Standard

The long run vs the short run

There are no easy solutions to two important debates of our times-sustainable development and the basic structure of the Constitution, but the guiding principles are clear

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Ajay Tyagi
In the run-up to the Budget presented on February 1, many had suggested that the government would be better off planning for the long term instead of giving in to short-term populism. Basically, they were advocating prioritising fiscal prudence over near-term growth impulses, with the argument that ultimately such an approach would benefit the economy in the long run.

Around the same time, two other matters were being actively covered by the media. One is about the Joshimath tragedy in Uttarakhand and the other about the argument between the government and the Supreme Court as to whether the basic structure of
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First Published: Feb 16 2023 | 10:04 PM IST

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