The economy devil we don’t know | The Indian Express

The economy devil we don’t know | The Indian Express

Written by Harish Damodaran |Updated: August 13, 2019 2:30:48 am

The economy devil we don’t know

There is a fundamental problem of demand today — something India has not encountered before. At the core of it is incomes that aren’t rising enough

The certainty that producers once enjoyed — of finding buyers for their wares without doing much beyond minor price adjustments to bring supply and demand into equilibrium — has ceased to exist. (C R Sasikumar)

India traditionally never had a demand problem. On the contrary, its economy was always supply-constrained.