"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
Arvind Subramanian talks about US and China's power play and where India figures in these dynamics.
'It is a pattern of behaviour of the Chinese that whenever a Chinese leader visits India or an Indian leader visits China, some incidents take place.' 'When Modi visits China, we should look out for some similar demonstration by the Chinese.'
Few readers will remember the socialist utopia of Indira Gandhi when food queues were the norm even for the middle class and tankers supplied water at odd hours of the night twice a week. Is that what you are trying to return us to, dear Congress, asks Jaideep Prabhu