tag:blogger.com,1999:blog-7398820852022617483.post1227152271583154812..comments2023-06-13T16:12:45.237+05:30Comments on The Written Word: Ekonomikrisis - 9th September, 2010Akshat Kumarhttp://www.blogger.com/profile/01166870057213255447noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7398820852022617483.post-37383227740499564542010-09-10T21:23:24.681+05:302010-09-10T21:23:24.681+05:30@Ameya: Thanks a lot. What you are saying is corre...@Ameya: Thanks a lot. What you are saying is correct. The only problem is that the global environment has deteriorated much more than in recent years. Hence, the risk is that going forward India may find it much more difficult to sustain these issues. RBI I agree has done a commendable job. The problem is with the fiscal policy and food distribution (as you have pointed out).Akshat Kumarhttps://www.blogger.com/profile/01166870057213255447noreply@blogger.comtag:blogger.com,1999:blog-7398820852022617483.post-11755974410259831512010-09-10T17:33:36.800+05:302010-09-10T17:33:36.800+05:30Great analysis! Unfortunately, I do not have nearl...Great analysis! Unfortunately, I do not have nearly enough knowledge to critique your essay. I would just make a couple of observations. The three issues that you have mentioned have been existed (pretty much, except the high levels of inflation maybe) in our economy for a long time, and still we have managed to make good progress. <br /><br />The countercyclical measures that you mentioned are the ideal policies that any central bank should adopt; but since economics is embroiled with politics, there is enough pressure to resist the change. That said, RBI has done a commendable job in the past few years. <br /><br />Of all the points you mentioned, I feel the inflationary growth may be the most harmful. The main drivers as said is the rise in property prices of food items. While the property prices should take care of themselves (there should be no government intervention), it is imperative that PDS should be overhauled so as to let the effects of a good harvest percolate through the country.Ameyahttps://www.blogger.com/profile/03748195842756213044noreply@blogger.com