PRAGOTI

Pragoti brings down an article on the Economic review written by Prof Venkatesh Athreya originally for Frontlie. He writes:-
 IT used to be said of the Bourbons of France that they “learnt nothing and forgot nothing”. It may seem a little unfair to make an analogy between the distinguished economists who crafted the Economic Survey 2008-09 of the Union Ministry of Finance and the Bourbons. However, the fact that the global economic and financial crisis has not even made them pause before advocating a rapid return to neoliberal fiscal orthodoxy, especially in a context where the Indian economy has been wracked by a severe downturn, makes one wonder at the tenacity of their faith. The Survey is very well written. It provides an excellent, even if in some respects selective, summary of the state of the Indian economy