It has tried to pull off a high-wire balancing act by initiating reforms while keeping expenses in check Justice Learned Hand is reported to have said once, one does not always have to side with the majority opinion because, by sheer definition, there are many others to voice it.
Why am I recalling it now? India’s government has finished announcing its much-awaited economic revival package. Most commentaries take the view that it has not provided adequate support.
You can read an alternative perspective here. The government has tried to do a high-wire balancing act. The conclusion that it has done too little is not entirely true, since the full arithmetic is subject to assumptions, especially with the 100% guarantee for micro, small and