As the COVID-19 economic crisis unfolds in India, Niranjan Rajadhyaksha explains that the country is engaged in a "complicated balancing act", where its central bank holds excess foreign exchange reserves which involve fiscal costs....
Assessing India’s economic recovery, Niranjan sparks an important debate regarding a wage-led v. profit-led economic recovery strategy, having implications for aggregate demand. He argues that in case of a profit-led strategy, recovery will be stre...
