The current currency withdrawal currency crisis tells economics students one thing – be very sure before taking up a policy position. Most of the time, you would have to discard/undo whatever your beliefs/opinions you have shaped in research.
These remarks is one such example of this volte face. One is fairly sure if any other government had done it, the opinion would have been just the opposite. To defend themselves, some argue that it was worse in previous government.
It is shocking to see such new lows in Indian policy. There was a time when none of these government organisations were deemed as independent. Even then one found some advisers stuck to their beliefs and expressed themselves and even resigned. Now with most of these agencies deemed as independent, the case of independent voices are just shrinking..