ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

policymakingSubscribe to policymaking

Economic Ideology for Well-defined Policymaking

Wonked! India in Search of an Economic Ideology by Vivan Sharan, New Delhi: Bloomsbury India, 2019; pp 320, ₹ 599.

India’s Slowdown

Investments in industry have slowed down considerably in the recent years, as has agricultural growth. Falling levels of capacity utilisation, building up of food stocks and the state of liquidity in the economy sufficiently prove that the problem today is the lack of demand. Rural distress, rising inequality and falling real wages are driving down demand. The government’s response to the slowdown has been woefully inadequate. The biggest impediment to policymaking is not the lack of ideas, but the blinkered vision of economics.
Back to Top