The Green New Deal could work in India too, allowing for a qualitative difference to the economy
As the 17th Lok Sabha is constituted and a new cabinet of Union ministers gets appointed, there will be a lot of gratuitous advice pouring in from different corners. Some of it will be on the necessary social changes, some of it on pending legal modifications but most of it will be on the economy. This column is also adding its voice to that babble. There is reason to heed this torrent of free guidance because the economy does need a solid nudge. Economic activity has slowed down with consumption showing signs of stagnating and a prolonged investment inertia has stifled both growth impulses and new job creation.