Economics blogging: Salute to the India of ideas | The Economist

Economics blogging: Salute to the India of ideas | The Economist

I really liked the statements
1. And perhaps the country’s brightest economists are simply rubbish at communicating sharp ideas to the policymakers, activists, media types, business leaders and members of the public who could make use of them.

2. The contributors, by and large, are Indians, or people of Indian origin based in America and elsewhere. Their challenge is to engage their countrymen. If they succeed, the rewards could be magnificent.

This means the solution is the Indian economist but not the one like Kaushik Basu, whom I once read told sarcastically, about beggars - "if he does not accept 10 paisa (or something really small) then you will say this as a result of inflation"

Economist like Kaushik Basu are the real perils of India as they know simple facts but are biased due to their positions and alienation. Such economist are dangerous for India's future. But you know what - Govt. has made him along with the legendary (sarcastically used) to be the "Top Economist of India" - Thats the peril of India.