The current account deficit was 2.5% of GDP in 1991. It stands at 5% today. According to most indices, the economic situation is much worse today than it was in 1991. The need for fiscal consolidation is greater than ever before. Once again, we are ready to splurge because "money does not matter"... Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.