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The world’s most powerful nations are accountable for colossal economic and political mismanagement

Topics

world economy | Inflation

R Jagannathan



The finance minister provided a useful global context to evaluate India’s economic performance during the debate in Parliament on inflation the other day. While it is fair to note, as many Opposition members did, that for the poor absolute levels of inflation matter more than the relative performance against global peers, informed comment needs context. There is no way to judge any government’s policy success or failure without benchmarking, and Nirmala Sitharaman was right to point out that on both the growth and inflation fronts, India was doing much better than its neighbours and the developed world.



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First Published: Tue, August 02 2022. 22:34 IST

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