> I am quite sure this decision was taken after discussing with lot of people who might have done PhDs in Economics and serving for Govt.

I have no hope for this country to find such views on HN of all places.

EDIT: I acknowledge this is low content comment. So I quote "the first job of an economist is to tell governments what they cannot do". Please sit back and give this a fair read [1].

[1] https://mises.org/about-mises/what-austrian-economics