Refocus on firm resolution, Thomas Laubach

My column in the Business Standard today, Time to re-prioritise firm resolution, argues that even though Covid-19 might seem like an unusual shock, addressing the balance sheet fragility of firms in India remains central for economic policy in India, and it’s time to go back to the pre-Covid-19 thinking, of emphasising firm resolution.

Our dear friend, Thomas Laubach, died on Wednesday. Ila Patnaik and I wrote on The Leap Blog about what he meant to us.