Economic Advisor | RBI Governor
These positions are considered quite important during downturn.
Economic Advisor normally plays advisory role to Government. So, if there is difference of opinion than there are stakeholders like Finance Secretary, Finance Minister, Cabinet, for brainstormed team decision.
RBI Governor can do so but unofficially. So, during this kind of time trusted, mature RBI Governor is must. During difficult time Govt prefers to trust IAS-ICS cadre historically over Economist since 1935. Some examples, 2nd world war, 1971 war, Downturns (1991, 2008, 2019).
Recent few weeks, Economists recommended lot many solutions, offering help but Government is not taking them seriously. When we read their suggestions, most of them are focusing on only one side, whom to give, how much to give, give this free, that free, give Rs 1000 a month, make travel free.Politicians already know all these.
I am yet to see major recommendations from where to bring money. There is difference in Economist & Philanthropist. Both have different roles in society. There are multiple states in India, why these Economists are not doing pilots on their suggestions with few states, but both side, Bring Money & Spend Money.
Let them prove their value, spend some time, advice & implement.