Best of BS Opinion: Read slowdown signals, don't fix onion prices

A government cannot make markets, and when it tries to control how they move, it almost always makes things worse

The risk in failing to foresee that the economy was slowing down; the futility of the government trying to fix markets, and the fight in the Indian telecom industry. Pallav Nayak sums up the views.

It is worrying that the Indian policy establishment failed to foresee the sharp slowdown in the economy. The last Budget should have acknowledged the slowdown, as the economy has been losing momentum for several quarters. The disadvantage of not being able to read lead indicators is that it makes policy-making reactive, says our first edit.

The growing indebtedness of the Food Corporation of