UBI good, but likely to be too costly to implement, says Martin Wolf

16 Jan 2019

Remember only the US Fed is raising the rates. The Europeans Japanese and the Chinese are not doing that. 

While there are several critics of the farm debt waiver it has found a supporter in Martin Wolf chief economics commentator at the Financial Times. In India to deliver the C D Deshmukh Memorial Lecture organised by NCAER he tells Indivjal Dhasmana that any such waiver has to be circumstance-specific. Edited excerpts: At the time of demonetisation you wrote that its net effect could be gauged only later. Two years down the line what is your assessment? I am not persuaded at the moment that it has done any good. It does not seem to me that the shock has given enormous … 

Published in: Business Standard , January 16, 2019