Fast-unfolding climate change crisis, which has strong imprint on the recent floods has once again – just like in 2022 – thrown light on the lack of resilient economy.

Moreover, what is termed ‘economic recovery’, as has been voiced for sometime now by highlighting a set of macroeconomic indicators, reportedly by government, and the country’s central bank, has proved nothing more than just short-term improvement in certain macroeconomic indicators like with regard to inflation, and current account.

This is because the fundamental policy choices that have been involved — Neoliberalism, and over-board austerity — have a track record for many years now overall globally, of delivering a flaky, and frothy economic recovery, with the medium- to long-term costs of weakening of resilience, and welfare aspects in particular, including undue sacrifice of economic growth for short-term macroeconomic stability and worsening situation of inequality and poverty, and, in turn, political voice that this invariably causes.

Moreover, a lesson in the wake of the Covid-19 pandemic was that economic policy needed to work in an inter-disciplinary way since the nature of existential threats crosscut, and overlapped important sectors like environment, and epidemiology, in addition to economy, all of which needed to work together for achieving overall economic resilience. That lesson sadly never left the domain of words, and a serious lack of action in this regard has continued to cost dearly.

Not just coming together, a much-needed revisionist........

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