Each sector will have to figure out how to phase in manufacturing taking account of developments in the demand side, so that what they produce gets transported and bought; it is interconnected NEW DELHI : Rakesh Mohan has for the most part of his career always been in the policy hot seat, first as an economic adviser during the 1991 crisis—when he authored the policy proposal dismantling the ‘licence raj’—which set the stage for an accelerated burst of economic reforms and later as the Reserve Bank of India (RBI) deputy governor overseeing monetary policy.
Mohan, currently a senior fellow at the Jackson Institute for Global Affairs, Yale University, spoke to Mint on the fallout from the covid-19 pandemic and the desired steps, including