The Indian economy has the seeds of a horror film, with zombies stalking the landscape. Air India is one. Jet could have been another had it been rescued. Economist Ajay Shah joins Amit Varma in episode 118 of The Seen and the Unseen to explain the importance of creative destruction, and why failing firms should be allowed to die. Also discussed: price controls and market failure.
Do check out:
Making Sense of Airline Troubles -- Ajay Shah
Lessons from the RCom Mess -- Ajay Shah
A Great Churning -- Ajay Shah
Bankruptcy Process and the Utilisation of Assets -- Ajay Shah
Using the Bankruptcy Code for Privatisation -- Ajay Shah
The Price is Right -- Amit Varma