Regardless of economics, or facts, most analysts have only one prescription for the Indian economy – raise interest rates!
International organizations have an obligation to be apolitical and to practice governance when disseminating data on incomes and poverty.
Monetary authorities should not practice ideology, especially since monetarist ideology has been made obsolete by globalization and development.
It is fortunate that Indian democracy had a trust vote – crises help to identify, and eliminate, the rot.
A Karat conclusion is a double whammy wrong – deeply ideological and not in the best interests of India.
The nuclear deal: better late than never and a poetic outcome for India, the PM Manmohan Singh and Communist leader Prakash Karat
The Growth Report is an excellent example of how an attempt to be balanced backfires.
That panic has set in among policy makers is suggestive of the worst being over in global inflation.
What if they gave away a recession and nobody came – this just might be the story of the presumed Greatest Depression since 1930.
It is time that all of us – forecasters, analysts, and especially policy makers – were held accountable for our pronouncements, especially those containing a heavy dose of ideology.
