Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | State of the economy: Beyond hiccups -Dipankar Dasgupta    </title>
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-The Telegraph

The power of Keynes&rsquo;s multiplier process is not absolute

An eminent economist observed recently in a national daily&rsquo;s blog that in spite of the Indian economy&rsquo;s periodic hiccups, there is no serious threat to the system. &ldquo;[H]istory,&rdquo; he asserts, &ldquo;should..."/>
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-The Telegraph

The power of Keynes&rsquo;s multiplier process is not absolute

An eminent economist observed recently in a national daily&rsquo;s blog that in spite of the Indian economy&rsquo;s periodic hiccups, there is no serious threat to the system. &ldquo;[H]istory,&rdquo; he asserts, &ldquo;should..." />
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                            <div align="justify">-The Telegraph<br /><br /><em>The power of Keynes&rsquo;s multiplier process is not absolute<br /></em><br />An eminent economist observed recently in a national daily&rsquo;s blog that in spite of the Indian economy&rsquo;s periodic hiccups, there is no serious threat to the system. &ldquo;[H]istory,&rdquo; he asserts, &ldquo;should give us some pause as we assess the prospects of (the) Indian economy in the medium to long run. There is no denying that the economy is going through a rough patch. But let us not forget that we have been here before. There is absolutely no reason for the panic &hellip;<br /><br />&ldquo;At the heart of the current slowdown is the process of cleaning up non-performing assets... As the cleanup process progresses... growth is bound to pick up. In the meantime, the government should remain focused on its long-term reform agenda.&rdquo;<br /><br />The advice to the government to concentrate on the long run even as the economy appears to be gasping in the immediate present is reminiscent of the following, much quoted, remark by John Maynard Keynes in his A Tract on Monetary Reform. &ldquo;But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.&rdquo; The Tract was published in December, 1923, well before the onset of the Great Depression that produced Keynes&rsquo;s all-time classic, The General Theory of Employment, Interest and Money (1936), a work that was concerned primarily with treatments of short-run problems afflicting free market economies. <br /><br />Please <a href="https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg" title="https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg" class="re" target="_blank">The Telegraph, 31 December, 2019, https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg</a><div class="clear"></div>
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        LATEST NEWS UPDATES | State of the economy: Beyond hiccups -Dipankar Dasgupta    </title>
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-The Telegraph

The power of Keynes&rsquo;s multiplier process is not absolute

An eminent economist observed recently in a national daily&rsquo;s blog that in spite of the Indian economy&rsquo;s periodic hiccups, there is no serious threat to the system. &ldquo;[H]istory,&rdquo; he asserts, &ldquo;should..."/>
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-The Telegraph

The power of Keynes&rsquo;s multiplier process is not absolute

An eminent economist observed recently in a national daily&rsquo;s blog that in spite of the Indian economy&rsquo;s periodic hiccups, there is no serious threat to the system. &ldquo;[H]istory,&rdquo; he asserts, &ldquo;should..." />
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    <h1 class="cat-box-title">State of the economy: Beyond hiccups -Dipankar Dasgupta</h1>
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                            <div align="justify">-The Telegraph<br /><br /><em>The power of Keynes&rsquo;s multiplier process is not absolute<br /></em><br />An eminent economist observed recently in a national daily&rsquo;s blog that in spite of the Indian economy&rsquo;s periodic hiccups, there is no serious threat to the system. &ldquo;[H]istory,&rdquo; he asserts, &ldquo;should give us some pause as we assess the prospects of (the) Indian economy in the medium to long run. There is no denying that the economy is going through a rough patch. But let us not forget that we have been here before. There is absolutely no reason for the panic &hellip;<br /><br />&ldquo;At the heart of the current slowdown is the process of cleaning up non-performing assets... As the cleanup process progresses... growth is bound to pick up. In the meantime, the government should remain focused on its long-term reform agenda.&rdquo;<br /><br />The advice to the government to concentrate on the long run even as the economy appears to be gasping in the immediate present is reminiscent of the following, much quoted, remark by John Maynard Keynes in his A Tract on Monetary Reform. &ldquo;But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.&rdquo; The Tract was published in December, 1923, well before the onset of the Great Depression that produced Keynes&rsquo;s all-time classic, The General Theory of Employment, Interest and Money (1936), a work that was concerned primarily with treatments of short-run problems afflicting free market economies. <br /><br />Please <a href="https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg" title="https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg" class="re" target="_blank">The Telegraph, 31 December, 2019, https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg</a><div class="clear"></div>
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The power of Keynes&rsquo;s multiplier process is not absolute

An eminent economist observed recently in a national daily&rsquo;s blog that in spite of the Indian economy&rsquo;s periodic hiccups, there is no serious threat to the system. &ldquo;[H]istory,&rdquo; he asserts, &ldquo;should..."/>
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-The Telegraph

The power of Keynes&rsquo;s multiplier process is not absolute

An eminent economist observed recently in a national daily&rsquo;s blog that in spite of the Indian economy&rsquo;s periodic hiccups, there is no serious threat to the system. &ldquo;[H]istory,&rdquo; he asserts, &ldquo;should..." />
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    <h1 class="cat-box-title">State of the economy: Beyond hiccups -Dipankar Dasgupta</h1>
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                            <div align="justify">-The Telegraph<br /><br /><em>The power of Keynes&rsquo;s multiplier process is not absolute<br /></em><br />An eminent economist observed recently in a national daily&rsquo;s blog that in spite of the Indian economy&rsquo;s periodic hiccups, there is no serious threat to the system. &ldquo;[H]istory,&rdquo; he asserts, &ldquo;should give us some pause as we assess the prospects of (the) Indian economy in the medium to long run. There is no denying that the economy is going through a rough patch. But let us not forget that we have been here before. There is absolutely no reason for the panic &hellip;<br /><br />&ldquo;At the heart of the current slowdown is the process of cleaning up non-performing assets... As the cleanup process progresses... growth is bound to pick up. In the meantime, the government should remain focused on its long-term reform agenda.&rdquo;<br /><br />The advice to the government to concentrate on the long run even as the economy appears to be gasping in the immediate present is reminiscent of the following, much quoted, remark by John Maynard Keynes in his A Tract on Monetary Reform. &ldquo;But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.&rdquo; The Tract was published in December, 1923, well before the onset of the Great Depression that produced Keynes&rsquo;s all-time classic, The General Theory of Employment, Interest and Money (1936), a work that was concerned primarily with treatments of short-run problems afflicting free market economies. <br /><br />Please <a href="https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg" title="https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg" class="re" target="_blank">The Telegraph, 31 December, 2019, https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg</a><div class="clear"></div>
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State of the economy: Beyond hiccups -Dipankar Dasgupta

Published on Dec 31, 2019   Modified on Dec 31, 2019

-The Telegraph The power of Keynes’s multiplier process is not absolute An eminent economist observed recently in a national daily’s blog that in spite of the Indian economy’s periodic hiccups, there is no serious threat to the system. “[H]istory,” he asserts, “should give us some pause as we assess the prospects of (the) Indian economy in the medium to long run. There is no denying that the economy is going through a rough patch. But let us not forget that we have been here before. There is absolutely no reason for the panic … “At the heart of the current slowdown is the process of cleaning up non-performing assets... As the cleanup process progresses... growth is bound to pick up. In the meantime, the government should remain focused on its long-term reform agenda.” The advice to the government to concentrate on the long run even as the economy appears to be gasping in the immediate present is reminiscent of the following, much quoted, remark by John Maynard Keynes in his A Tract on Monetary Reform. “But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.” The Tract was published in December, 1923, well before the onset of the Great Depression that produced Keynes’s all-time classic, The General Theory of Employment, Interest and Money (1936), a work that was concerned primarily with treatments of short-run problems afflicting free market economies. Please click here to read more.

The Telegraph, 31 December, 2019, https://www.telegraphindia.com/amp/opinion/state-of-the-economy-beyond-hiccups/cid/1731512?fbclid=IwAR2zbJHgd-mUp-o7dLf3FmWAeu8E4qibsQ-ZhDZvgbFzasSsiKmH6J-IPUg

Tagged with: Economic Downturn Economic Growth Economic deceleration Effective Demand

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