Archive for May 23rd, 2020

Tryst with destiny, planning and deficit financing

May 23, 2020

My new piece on Moneycontrol:

The media is rife with discussions on whether and how the RBI should monetise the government’s deficits. India is no stranger to deficit financing as its 5-year Plans were based on it, which in turn created several problems for the Indian economy. We explore this long history and also try and answer the questions of today at the end.

Read on for details


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