View: India heads down right path of economic recovery
Synopsis
India went into the Covid-19 pandemic with a certain factor market design and regulatory architecture in place. But it should emerge out of it with a fundamentally transformed operating environment.
Former Wall Street Journal columnist Morgan Housel’s line about pessimism being ‘intellectually seductive in a way optimism only wishes it could be’ could well serve as a motto for many economists and commentators writing on the Indian economy. According to RBI, the economy may register a positive growth as early as Q3 FY2020-21, even as risks remain. The central bank, which has been very prudent — some say too prudent — the last few years, made
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