Discover and read the best of Twitter Threads about #gfc2008
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#India is unique: @RBI Governors Raghu Ram Rajan & Urjit Patel produced the highest real rate in world & wondered why economy is tanking! Only a handful of us pointed this out repeatedly and asked for monetary policy easing, including monetary supply base (in my case).
3/c Now we need (1) Repo rate reduction to 4%, (2) Gr of monetary base of ~14% per yr, (3) Pragmatic measures to solve PSB-NBFC bad loan problem, (4) Dramatic GST simplification in 1 Step, (5) Introduction of #DTC (Diect Tax Code), to restore growth to 7% this yr, & higher nxt yr
#SupplyChains #India needs to work indipendently with #USA and #China to separate the supply chains headed in the two directions and try to shift as much of them as possible to India
2/n
3/n #SupplyChains This is the final opportunity for making India a manufacturing hub, & bring manufacture jobs to India. It would be tragic if we miss this opportunity. I suggest that the new Govt appoint a #MOS(Supply Chains)in @PMOIndia to attract Global supply chains to India.
