Business News›News›Economy›Policy›Indian economy: View: The only way out of India’s economic morass - be bold, make new mistakes
View: The only way out of India’s economic morass - be bold, make new mistakes
Synopsis
Privatisation, labour reform, fix the financial sector, cut fiscal deficit, ease of doing business, trade open-ness – the deluge of prescriptive commentary today gives nothing more than a weary sense of déjà vu and ennui. The biggest and most fundamental risk that we are encountering is one of imagination. We seem to have run out of ideas.
By Somnath MukherjeeThe quarterly GDP growth print, expectedly, came in as a crater. While a large negative print was inevitable given the impact of lockdowns across the country, the extent is still jaw-dropping. India’s June-quarter GDP fell the most amongst major economies in Asia. Reams have been (and will be) written on the why’s and how’s of our economic travails. A bigger, perhaps more relevant issue though, is around “what
- FONT SIZEAbcSmallAbcMediumAbcLarge
ET
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Get Unlimited Access to The Economic Times
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community Exclusive invites to Virtual Events with Industry Leaders A trusted team of Journalists & Analysts who can best filter signal from noise Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-
