The misallocated economists of India

This is the silly season for economic policy, though some would say it’s been that for five years now. It is therefore a good time to take stock of the sort of economic advice that is tendered in our country.
 
This necessarily involves taking stock of the sort of economists we have. The result is dismaying.
 
The overall problem is that India has far too many macroeconomists and too few microeconomists. Thus, I had pointed out a few weeks ago specifically in the context of the closure of Jet Airways and the aviation business generally, India has around