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The real concern for the Indian economy lies with its stressed banking and finance landscape, accompanied by an excessive (public-private) debt accumulation, where the work of new Nobel laureates can offer some useful guidance.
Several recent appointees on the board of large, highly profitable and listed companies have no professional experience.
Higher inflation was always associated with developing economies with less sophisticated financial institutions. Not any more, as the average inflation rate in the US and Europe is much higher than that of emerging markets like India.
The Telecommunication Bill, 2022, floated perhaps in an effort to fill the void left by the Personal Data Protection Bill, continues a trend of the government being increasingly insecure about its citizens’ freedoms.
The stint in the National Security Council Secretariat ought to have prepared him for the politico-bureaucratic level of the national security set up in the current regime. That, however, will not take away from the challenges he will face.