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The importance of Viral Acharya

Updated : June 25, 2019 11:32 AM IST

Even as the RBI has cut rates three times this year, Acharya has been the last and least to be convinced of the space for lower rates.
His argument that the fiscal deficit is understated because government is borrowing more through state-owned companies needs to be heard loud and clear.
The likes of Acharya are needed. To speak truth to power. To boldly dissent when the world is way too one-sided. To alert the country to macro imbalances which governments are likely to overlook.
The importance of Viral Acharya
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