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: An economist proposes ways for India to revive its economy in the wake of the Covid-19 pandemic #IndiaNEWS There was much that was wrong with the Indian economy, society, and polity before the pandemic

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Posted in: #IndiaNEWS

An economist proposes ways for India to revive its economy in the wake of the Covid-19 pandemic #IndiaNEWS
There was much that was wrong with the Indian economy, society, and polity before the pandemic struck; and this book has suggested that much more has gone wrong since. It is easy to feel horror at the inequalities exposed and accentuated by governmental and societal responses to the pandemic, despair at the apparently widespread loss of moral compass and minimum ethical considerations especially among those in positions of power, and anger at the unnecessary human tragedies that have unfolded as a result.Yet there is still much that can be done to remedy and improve the situation; and there are signs of hope on the horizon. The famous Cambridge economist Joan Robinson, who was a frequent visitor to India in her later years, once remarked that ‘for everything that can be said about India, the opposite is also true.’Perhaps this is only to be expected in this vast and diverse country, but there is no doubt that both the Indian economy and Indian politics have at different times confounded sceptics, proven both optimists and pessimists wrong in different ways, and shown patterns of change that were not always expected.Within India, however strong the current pulls in the opposite direction, there is still tremendous progressive...Read more


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