Richard Clarida's recent paper could be key for policymakers in deciding whether India should move to an 'inflation targeting policy regime', says Vivek Dehejia.
The truth is not that Chandrababu Naidu's centre-right policies led to his defeat but rather almost the reverse: his defeat, and for that matter that of the NDA at the Centre, was widely -- but falsely -- interpreted as a rejection of their economic policies, rather than put down to bad luck and conventional anti-incumbency., say Vivek Dehejia and Rupa Subramanya.
For good or ill, the veneer of a cult of personality that is now encrusted on Narendra Modi, and which animates his supporters, can no longer meaningfully be separated from the ideology that he espouses or the accomplishments that he touts, says Vivek Dehejia.
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