Is There Hope for the Indian Economy

Is There Hope for the Indian Economy?
Romesh Diwan I READ with interest the commentary, between Friends; A Conversation'.' Both Ashok Mitra and K S Krishnaswamy have been involved with economic policy and ideas for many decades. Ashok Mitra was my teacher, from whom I learnt some of the intricacies of econometrics. I have read his 'Calcutta Diary' regularly and found it, always, incisive. It requires guts to publish thoughts written forprivate use, particularly when Krishnaswamy writes about his un- happiness "because of the involvement of persons who I have been friends with for along time" and "because I think they have been knowingly dishonest";2 a courageous act indeed specially when these friends are stillin high office. Itis a fascinating reading. Our hats to these two stalwarts and thanks to the editors for publishing it.