Real reforms work when incentives of multiple stakeholders are naturally aligned. Animal spirits don’t get unleashed when animals are not allowed to follow their instincts.
The reforms of the 1990s got that right and we strongly believe that the recent announcement to allow farmers to do what is best for them will also work for the same reason. They work because it is in the best interest of most of the participants to make it work. As millions of small businesses and households plan for the post-Covid world, many are likely to lean on the ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Wed, May 27 2020. 23:10 IST
