When management of economy is entrusted to novices or tyrants, consequences will soon follow
Managing India’s economy is playing in a different league. Successful chief ministers have floundered when appointed finance minister.
In the run-up to the elections in 2014, Mr Narendra Modi made a thoughtless remark on the economy. I responded by saying “Mr Modi’s knowledge of economics can be written on the back of a postage stamp.” It was a fair comment but, I believe, Mr Modi has not forgiven me for that comment! Not an issue, but time has proved that I was right.
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