Sunday, July 22, 2012

Indian economics

  • Dealing with dying Indian rupee Prof Roy writes "Yet some 65 years later, sovereign India has failed to develop a currency universally acceptable as a freely convertible world money. Nor do trade, monetary, fiscal or political conditions appear such that the rupee can become a hard currency of the world economy easily or very soon."
  • This article author seems to be trying government and so he try to push utterly confused economist like Jean Dreze. For the sake he says "However, views are still expressed across domains. Expecting a convergence of opinion is as challenging as getting John Maynard Keynes to agree with Milton  Friedman or Robert Lucas or Friedrich Hayek. But, still they do generally talk the same language as all these arms function as a whole."

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