Stark divides. Is Indian economy in flight or on fire? Economist Rathin Roy

Stark divides. Is Indian economy in flight or on fire? Economist Rathin Roy

6 February 2022

| Economy & Entrepreneurship

A stark statistic: the income of 1/5th of India‘s population has plunged a staggering 53% in the last 5 years. While the wealth of top 100 Indians has soared to Rs 57 lakh crores.

4.6 crore Indians have slipped into extreme poverty.

What does such inequity say about India? And is the government doing enough to design a pathway out of it?

Provocative. Animated. Incensed. Economist RATHIN ROY — former member of PM’s economic advisory council, and managing director of ODI — lays bare the faultlines in the economy, the Budget, and the principles & priorities driving India’s economic thinking.

“For the first time in India’s independent history, there is no professional mid or long term economic plan,” says he. “There is just no competence.”

So what would he do if he was in the driving seat?