View: A ‘full-time’ politician is best suited for the FM’s job right now

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Economists have been saying for long that divestment must be implemented along with a host of reforms in factor markets like land and labour.

Synopsis

Consider the circumstances. The economic shock has devastated three of the four engines of economic growth: private consumption, private investment and exports. The finance minister needs to pilot a $2.6 trillion economy on one engine: government spending. This requires greater skills in politics than economics.

Dhiraj NayyarShould an economist be finance minister as the economy fights its way out of Covid-induced shock? Many economists would say yes, and put in an application for the job. But, right now, a ‘full-time’ politician is best suited for the task at hand.Consider the circumstances. The economic shock has devastated three of the four engines of economic growth: private consumption, private investment and exports. The finance minister needs to

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