We seem to be regressing in various respects. Sometimes to the extent that seemingly good steps are being viewed with suspicion, says Uddalok Bhattacharya
The ability of government to shrink the expenditures in 2019-20 would severely strain attempts to maintain fiscal discipline
We have neither good hospitals nor adequate fighter aircraft; neither good extension services nor adequate public transport.
The ones serious about preparing for recessions should be looking hard at proposals for how to pay interest on money, both positive and negative, which is by far the most elegant solution
In the Indian context, the important Kaleckian question, different from Keynes, is not how growth is to be financed but at whose expense?