As India marches from one economic disaster to another, policy and planning appear to be victims of whims and fancies as and when they strike

This is a nebulous idea designed to mean anything and everything under the sun without the burden of economic logic, facts and evidence

Part II of this two-part article continues to relook at misadventures that derailed the Indian economy, threatening dreams of millions of \"aspirational\" Indians. Instead of a serious and meaningful debate, India continues to grapple with constant and systemic \"misdirection\" in multiple sense of the word

In this second and concluding part, the focus is on why GDP came to measure the quantity of goods and services produced, ignoring social and environmental costs such output imposes on society

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

The non-payment of dues is despite repeated government announcements to not deduct wages or lay off workers amid the coronavirus lockdown

While widespread poverty and inequality have reduced the capacity of a large population to survive the crisis of health and livelihood, the Indian government needs to get its priorities right to deliver what is expected of it

Under complete lockdown less than a quarter of India's $2.8 trillion economy is functional. We are expected to lose over Rs 32,000 crore ($4.5 billion) every day during the lockdown