 "West Bengal Finance Minister Amit Mitra")
Ahead of the Budget for 2021-22, West Bengal finance minister Amit Mitra has criticised the Centre for its supply-side stimulation of the economy at a time when the Covid-impacted system needs demand side booster dose. He wanted the Centre to correct this flaw in the policy.
In a letter to union finance minister Nirmala Sitharaman, Mitra suggested that the Centre follow Keynesian economics at this juncture instead of Say's law.
"You may consider taking a Keynesian approach as was done by other nations rather than relying on Say's Law," Mitra suggested to Sitharaman.
The Keynesian approach, named after British economist
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