Coronavirus has infected global sentiments sending markets and economies into a tailspin and nobody can predict the outcome with any certainty, imposing demands on governments like never before, say opinion writers. Kanika Datta sums up the views.
The global turmoil has drawn attention from the India-specific problems of a financial system short of capacity, effective interest rates that are still ahead of nominal GDP growth, and poor consumer and investment sentiment. The challenges could well be turned into opportunities now, says Neelkanth Mishra here
Tamal Bandyopadhyay says it’s time for the Reserve Bank of India to walk