The writer is emeritus professor of economics at Jawaharlal Nehru University and former chief economic advisor to the government of India.
The obsessive concern about the fiscal deficit, so deeply embedded in government thinking, suggests a narrow and limited understanding of rudimentary macroeconomics, which has often gone wrong even in good times.
This dilemma will always be larger than life when there is a single objective of saving lives in a pandemic. But it must also be recognised that the health of people and the health of an economy are interdependent.
In the lockdown, only those in regular employment — less than 10 per cent of the labour force — will continue to receive their incomes.
It is instructive to remember the fate of the sedition charges pressed by two governments, run by two parties, in the past. Both had happy endings.
Planning Commission is dead. Its successor must focus on ideas over implementation.