Business Standard

The darkness of trivialisation

Economic policy tradecraft cannot be executed with inferiority complex that constantly requires divisive religio-cultural and ethnic grievances to be sated

Rupee, Indian Rupee, Indian currency
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Rathin Roy
This month, the attention of the policy ecosystem has been focused on two events. The decision to collect a withholding tax on some (I’m not quite sure which) foreign spending and the withdrawal from circulation of Rs 2,000 currency notes

These are things to read about in magazines at the barbershop. “Timepass” we call it in Bombay. But these are hardly questions impacting the nation’s economic and political fortunes. India does not have the luxury of dwelling in trivia-land. For some time now I have been pointing to the serious fragility of India’s growth and prosperity story as the post-1991
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

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