Viral Acharya cautions India against deficit financing

“Such risk has materialized unexpectedly at least once a decade over the past 30 years with several minor hiccups in between. History tells us that we ignore this risk at our own peril,” according to excerpts from Acharya’s upcoming book: ‘Quest for Restoring Financial Stability in India.’ It “would mean regressing to errors of the 1970s and 1980s.”

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