13 Economists and their Economic Strategy for India
Former governor of RBI Dr. Raghuram Rajan and MIT professor Dr. Abhijeet Banerjee have written an article, viz. Eight things India must do in 2019 , in Times of India on 1 st January, 2019 [i] in which they present a list of eight things which according to them India, government and people collectively, must do in new year to improve her future. In this article I want to critically analyze their proposal. Rajan and Banerjee give the following background as a cause of their proposal, Last October thirteen of us, all economists, got together in the hope that as the country gears up for elections, we could start a conversation by identifying a set of policy ideas that might help inform party manifestoes and policy visions. While our views stretch across the spectrum from right to left, we found surprising agreement on the challenges India faces and reforms it needs now. Two of us sifted through the set of ideas, picking what we felt were the top challenges and propo...