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Rathin Roy: Put India first, not Air India

The Union government has no 'Buy India' policy, but has a 'Buy Air India' policy. The government, thus, behaves like a late Mughal dynast, with predictably similar results

Rathin Roy

Air India will not be privatised" is a cross-party policy that has stood the test of time, government stance and the preferences of individual personalities. My takeaway from this is that the appetite for genuine public sector reforms in the country continues to be limited and the story of Air India tells us why. It is embarrassing to list the problems with Air India. It is a drain on the public exchequer. It is so inefficient that the exchequer saves money when operations are suspended. The equity infusions that have historically been sunk into the airline would have funded many ...