Episode 67 - Demystifying Rs 2000 note withdrawal, TCS, LRS & managing finance with Monika Halan
ANI Podcast with Smita Prakash
00:00
The Burrani Excheka
In India, we only focused on the supply side. Good old fashioned Reaganomics. The finance ministry had a very sound logic to say, I can stimulate demand. But with the wheels of the economy stopped, I can't give you the supply. So how did the firepower dry till the end of the lockdown? What happened in the US was that they kept buying because they got free money. And it got prices up. It's called greedflation in the US where inflation is equal to wage increases plus company profit. We have not seen the kind of problems that the West has seen. We are in a good place. There are three jobs open for one person today in the blue color,
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