The one irrefutable lesson from MGNREGA, is that once introduced, there will be no going back
For most of us, the word ‘infrastructure’ evokes the mental image of roads, railways, ports, airports, power stations, etc.
This year, the government spent roughly Rs 20 trillion. In other words, 15% of India’s GDP.
What links the Rukatpally Rythu vegetable market in Telangana to local shopkeepers in Bristol in the UK, in Chiba (near Tokyo), Ithaca in New York and in towns across Canada and Australia?
Government underestimating the extent of informal economy has led to this situation at the ATMs
The size of India’s black economy is estimated to be around 25% of the GDP; that is bigger than the combined share of agriculture and industry GDP
Countries ranked higher for transparency have less cash transactions
It is a mistake to assume that mechanically undertaking a laundry list of reforms will automatically guarantee a good rank
DIPP’s new approach has helped states realise that expensive invest-in-us or make-in-us jamboree events are not enough to compete for investments
If there is anything that India can learn from the pension crisis in Brazil—it is that when you spend around 13% of your GDP on pensions, early retirement ages and inadequate public contribution aren’t the luxuries you can afford
Opaque systems of governance that are paranoid of everyone tend to create institutions and frameworks more prone to rent-seeking
Anywhere in the world, the core principles of deregulation have always been the same—strong political buy-in, top down dictation, and businesses pitching in