Did the GoI’s MoF’s CEA certify India’s fiscal health yesterday? If so, it is a mistaken certificate

June 15, 2010 — drsubrotoroy

From Facebook:

Subroto Roy reads that Dr Kaushik Basu, Chief Economic Adviser to the Finance Ministry of the Manmohan Singh Government, has “expressed great confidence in the fiscal health of the economy” and says to Kaushik:

You are unaware of that of which you wish to speak.

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Posted in Academic research, Economic Policy, Economic quackery, Economic Theory, Government accounting, Government Budget Constraint, Government of India, India's Government economists, India's bureaucracy, India's Macroeconomics, India's Monetary & Fiscal Policy, India's Public Finance, Manmohan Singh, Microeconomic foundations of macroeconomics. 2 Comments »