Business Standard

On macroeconomic policy making

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Mihir Rakshit New Delhi

Interaction between policy making bodies and academic institutions is essential

One of the best things the new finance minister did was to discontinue the practice of a pre-budget meeting with economists. This, apart from saving government expenses and skilled man-hours and avoiding heart-burn of the non-invitees, dispenses with a pointless ritual.

In large gatherings economists seldom interact fruitfully, generally remain impervious to others

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First Published: Aug 05 2003 | 12:00 AM IST

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