This refers to ‘The Montek monetisation moment?’, February 25. In his keenness to agree with Government of India policymakers, Johns Hopkins University Senior Research Professor Arvind Subramanian appears to have closed his eyes to India’s deficits having been monetised continually over decades already. Also, such monetisation has nothing as such to do with the further misuse of forex reserves being advocated to do with purported “infrastructure” financing.
Subroto Roy, Kolkata
