Jobs, cash and other Indian headaches

Is it time to take a relook at our economic theories?

If there is one thing that deep-thinking observers agree about the recently concluded state elections, it is that economic issues were dominant: Lack of enough jobs for young people entering the work force and small traders’ angst over being forcibly pulled out of their comfortable cash-based economy (which they view not as modernity, as many of us do, but as being thrown at the mercy of bureaucrats administering goods and services tax or GST, income tax, and sundry other departments). I can see media analysts, economic theorists and politicians are scratching their heads in bewilderment. 

On my part, when I get