12 October, 2019
3 Min Read
GS-III: The policy way out.
India is in the middle of a sharp growth slowdown. The debate surrounding the slowdown is whether it is a cyclical downturn or a structural correction. Diagnosing the problem is key for devising policy responses.
The slowdown is structural – Oil imports
Structural slowdown – investment demand
The government should revisit the appointments process to key technical and regulatory bodies.
Functions like monetary policy, banking supervision, data collection and dissemination, the audit of government financial accounts need to be independent of government direction.
Source: Indian Express
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