Nirvikar Singh

Articles By Nirvikar Singh

143 Articles

India at a crossroads: Addressing an issue much larger than academic freedom or cultural nationalism

Broader empirical evidence suggests that democracy is more supportive of economic growth, though one hears arguments that authoritarianism pays off through economic growth

Arvind Subramanian Image Reuters

Designing India’s reform agenda

Land and labour reforms are important, so one can’t fault successive governments for trying to tackle these. But, the binding constraints on the growth of industry in India seem to lie elsewhere

The problem of Indian industry is that of small and medium firms—they face difficulties in getting launched, in surviving, and in growing.

India’s turnaround Budget

Union Budget 2021 India: This Budget has the potential to mark a turning point for Indian economic policymaking, as well as for the economy

Another positive development is the plan to expand the scope of privatisation and disinvestment, including a couple of smaller public sector banks, and the giant Life Insurance Corporation of India.

Lessons from India’s cricketing success

India must learn from the IPL example—states need to create business development clusters where support from govt, industry and academia can be concentrated

Start-up clusters key, not incubators: Govt must ensure high-quality digital infra & ease of doing business

Instead of funding incubators, the government may do better by making sure that high-quality digital infrastructure is available for everyone, along with general promotion of ease of doing business

Instead of funding incubators, the government may do better by making sure that high-quality digital infrastructure is available for everyone, along with general promotion of ease of doing business.

India’s economic future lies in modernising for the masses

The growth of a technologically advanced start-up ecosystem is not a substitute for faster growth in labour-intensive manufacturing

In addition to the obvious acceleration of digitisation created by the pandemic, specific sectors such as health, education and finance provide global growth opportunities for India.

India’s agriculture reforms: Getting it right

December 21, 2020: The Centre needs to redesign the public procurement and distribution system to broaden the range of crops, including more high-value-added and less water-intensive crops

Trade-offs for growth revival: Why India’s policymakers need a new roadmap

Policymakers must focus on simultaneously managing the exchange rate and domestic inflation while maintaining an open capital account for renewed economic growth

India’s new economic reforms and challenges ahead

November 24, 2020: New economic reforms barely scratch the surface of what needs to be done to sustain growth that can lift millions out of poverty

The lessons of Trump: The defeat of Trump is not a panacea for the ills of the US or the world

In some ways, he helped surface those ills, when they might otherwise have been papered over for longer

Trump very much behaved as many world leaders have throughout history.

How can India recover from economic crisis? Bring back clear strategic thinking

The process of cleaning up and restructuring balance sheets of non-financial firms needs to resume and accelerate

The economic crisis is much more complex, and will be more difficult and costlier to turn around.

Agricultural reform: What to make of the new farm Bills

Farmers are being asked to accept possibly significant new income risks, without any alternative risk management policies, in exchange for an untested promise of higher, but likely riskier, incomes

I was reminding Dr Panagariya of the gold standard of reforms; I had not "shifted the goalpost", as contended by him.

Fighting Coronavirus: India’s first-six months of Covid-19

How quickly the nation’s leadership learns from these past six months and changes its approach will be vital for managing the pandemic and achieving economic recovery

India’s turning point for the economy?

Covid-19 is still a challenge, but there is no excuse now for the govt not to achieve a turning point for the nation’s economy

India’s “missing middle” in the firm size distribution has been recognised for decades but has yet to be remedied.

Creating and sustaining growth in India: What would make economic growth in the country lasting?

Sustained growth almost certainly has to be inclusive growth.A rural-led strategy is ultimately the first step for this.

NEP 2020: How to make the new educational policy work

An overarching theme of the 2020 NEP is to reimagine education as learning and broad mental development, getting away from rote learning and test preparation.

The overall themes of breadth, flexibility and room for discovery carry through to the recommendations for higher education, both undergraduate and postgraduate.

Plotting a recovery: How India can handle a major crisis on its hands – Analysis

Digital infrastructure will be vital for future growth in India’s software exports, especially as international labour mobility is stunted

Assessing India’s pandemic prospects: Is Indian government’s short-run response adequate?

India does not seem to have a clear pathway out of this pandemic. Much of this can be attributed to over-centralisation and over-concentration of decision-making and public funds

The issue of funding for public health actions is symptomatic of a much wider problem.

Covid crisis: India will not be ready for growth unless it addresses MSMEs problems

Without addressing the problems of MSMEs, India will not be ready for growth. The pandemic is the fourth negative shock that small businesses in India have faced in recent times

Is India ready for economic growth?

The issue is not one of the quality and impact of economic reforms. It is of what the govt is actually planning and accomplishing in its efforts to engineer an economic recovery from the lockdown

India beyond the coronavirus crisis

India is two months into its economic lockdown meant to control the coronavirus pandemic.

US economy, President Donald Trump, US unemployment rate, America coronavirus pandemic, retail sales, credit card spending

Coronavirus pandemic: India’s response to Covid-19

The current government has not developed a coherent approach to implementing structural economic reforms

Liquidity support measures have been combined with direct income support, making it less obvious what the true immediate impact will be.

Restarting India’s economy efficiently after Coronavirus outbreak

Universal testing, accompanied by targeted quarantining, is the best way to allow as many people as possible to quickly and safely resume normal activities

In earlier columns, I have argued that the Indian economic policy response to the effects of the lockdown has been inadequate.

Economic Policy: India’s biggest challenge in time of Coronavirus

Despite the health impacts of the corona-crisis, the biggest challenge for India will be in terms of economic policy.

India’s Covid 19 crisis response: Challenges are greater, getting money to individuals and firms is not as easy

The prime minister has emphasised the costs of not responding adequately to the coronavirus crisis, saying it could otherwise set the country back by decades.

Contagion, lies, and crises

The corona-crisis has begun with a different sort of contagion than the 2008 financial crisis, but its impact on financial systems and economic activity is similar

Instead, Trump obsessed about the stock market’s behaviour (a symptom far removed from the causes needing attention), his re-election in November, and the “foreign” origins of the virus.
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