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Check out this WSJ article on the work of Kaushik Basu, former Chair of the Economics Department and now top advisor in the Indian finance ministry. Basu recently released an economic survey that predicted Indian growth returning to 9% by the end of this year. In addition to focusing on cutting the federal deficit and controlling inflation, he is also working on cutting corruption in the distribution of subsidized foods:
“You can give the target population double the benefits by spending half the money—and once you save that money, you can direct it to improving human capital, infrastructure and deficit control,” said Mr. Basu, who became top adviser in the ministry of finance in December, taking a leave from Cornell University, where he teaches economics.
So far, so good, Professor Basu.
