Urging Urjit Patel

The RBI and the finance ministry both agree that the demon called inflation should be vanquished and economic growth should be rekindled. But they disagree about how to do it and when to do it

T C A Srinivasa-Raghavan 

T C A Srinivasa-Raghavan

The Modi government is generally seen as being short on providing comic relief to the people of India. But earlier this week Prime Minister Narendra Modi made up for that shortcoming. He met economists for advice. Until this year it was the finance ministers who used to meet them.

These meetings are largely pointless because economists are like Tamil Brahmins. Futile argument doesn’t even begin to describe what the two do. There are the Aiyars who worship Shiva and the Iyengars who worship Vishnu. As with everything else in India, both have further ...

First Published: Fri, January 12 2018. 22:31 IST