English Article

An admission of defeat

Budget 2020 was presented in a context where, for perhaps the first time in two decades, it had become clear that the Indian economy is stuck in a quicksand, where apparent solutions seem to also risk becoming problems. The issue is not one or two areas of weakness: Accumulated infirmities have tied us in knots. So there is a call for an expansionary fiscal policy. Given the dire straits we are in, an expansionary policy is .......