Should India see IMF doctor before it falls sick?

...It may seem like the kind of gratuitous advice of the sorts that are proffered by newspapers every day of the year. But on the strength of his insider’s account of the goings-on of 1990-91, Srinivasa-Raghavan wonders if there is more to it. The “influential business newspaper” (by which he means Business Standard) counts on its editorial board a former Chief Economic Adviser to the government (Shankar Acharya) and a former Deputy Governor of the RBI who demitted office just now (Subir Gokarn). When the advice to go in for a standby loan from the IMF comes from erstwhile insider with their ear to the ground perhaps there may be something afoot. “Is something along those lines being contemplated?” asks Srinivasa-Raghavan...........

Read........