Episode Details

For three decades, India has been advised on the importance of fiscal discipline, with recommendations to maintain tight deficits, rationalise subsidies and allow market-driven allocations. India has largely adhered to these guidelines, often with difficulty and under close observation. In contrast, the world’s second-largest economy has been implementing one of the largest industrial subsidy programmes in history, which international bodies have not openly addressed. ThePrint Consulting Editor (Economics) Bidisha Bhattacharya explains: #Economix----more----Read full article here: https://theprint.in/opinion/economix/chinas-subsidy-machine-has-broken-global-trade-india-shouldnt-copy-it/2960821/