Govt bailouts are a moral hazard, Chief Economic Adviser Krishnamurthy Subramanian says
CEA Krishnamurthy Subramanian said govt bailouts create a possibility of a situation where profits are private but losses are socialised.:
New Delhi/Mumbai: Government intervention in the private sector creates a moral hazard, Indias chief economic adviser warned, a statement that could temper expectations of a stimulus for cash-strapped Indian businesses.
Speaking in New Delhi on Thursday, Kri...
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