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.
Coronavirus pandemic: India’s response to Covid-19
The current government has not developed a coherent approach to implementing structural economic reforms
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
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
Reading the Economic Survey of India: What’s innovative in this year’s Survey – Explained
The Survey’s recasting of economic growth as “wealth creation” can be appealing, given the positive imagery conjured up by the more materialistic term.
Budget and the economy: What can we expect after this Budget?
Union Budget 2020 India: India needs to create many more formal sector jobs than it is doing now, and that means creating many more firms, and growing existing firms more effectively. The Budget did not jettison the long-term
Rethinking India’s economic strategy: Needs for concise document of objectives and priorities
India needs a concise document providing an integrated view of objectives and priorities, along with implications for policy formulation and implementation
Implementing India’s economic strategy: Problems of the architecture of governance in India
Any successful economic strategy will depend on systemic changes in the civil service, regulators, the judicial system, and of course, politicians
Lost year: India could have turned a corner in 2019 with political stability and economic recovery
This was a year where India could have turned a corner, with political stability and economic recovery. I
Economic slowdown: Crisis or blip?
For India to tackle its economic slowdown, it needs to reverse its impulses for centralisation, needs to be more open, and must create a robust infrastructure for digital communications.
Delhi choking on burned paddy stubble is a national problem
Delhi is choking because the Green Revolution was pushed to the point where it became distortionary and dangerous.
The reforms that India needs now to restore and accelerate growth
Political control will be worthless if it is not used for decisive actions, with respect to the economy, which will both restore and accelerate growth
Abhijit Banerjee and Esther Duflo’s Nobel win should act as a lesson for Indian research
One hopes that decision-makers in the Indian government will make administrative data readily available to researchers from all nations for its own development. There is much to be learned from administrative data despite the
Instead of engineering a growth acceleration to go with a demographic dividend, policymakers have allowed growth to slow
The government has a perennial problem of failure to raise adequate tax revenues. Periodically, it resorts to “tax terrorism,” which only creates more uncertainty and damages growth.
15th Finance Commission terms tilt fiscal scales in favour of the Centre
The last Union Budget was somewhat timid, perhaps, given the growth slowdown, but recent economic policy changes have shown more willingness to respond vigorously to the problem.
Explained: What will India’s bank mergers fix?
The issues that the recent merger of PSBs address are only the tip of the iceberg of the financial sector reform that India desperately needs.
The red herring in Jammu and Kashmir
The claim that the government’s recent political actions have anything positive to do with economic development lacks any basis in experience or theory
Policy environment for savings in India is sub-optimal
The battles with RBI on this front have also not helped. Efforts to attract foreign investors will also not achieve too much until the financial sector and corporate balance sheets are cleaned up.
Budget 2019: What sets Nirmala Sitharaman’s maiden Budget apart?
Budget 2019 India: The big picture of the Union Budget is a continuing increase in trust with respect to the private sector and foreign economic actors, but still not enough trust in India’s own people and the governance ch
Budget 2019: Surveying India’s economic strategy
Union Budget 2019: The protectionist aspects of the Budget, with higher tariffs on many goods, seem to be at odds with the kind of economic openness to the world that would support higher growth
Governance challenge for India
The list of economic challenges does not stop with these four, but it is more important to understand the governance structures that make these and other reform areas challenging, before lengthening to-do lists.
Economic challenges for the new government
The four major challenges are fixing the country’s financial sector, especially its banks; continuing to reform the tax system; reducing outflows of funds due to loss-making or inefficient government enterprises; and truly
What did we learn from the 2019 Lok Sabha elections?
We learned that many Indian voters are willing, at least temporarily, to put aside concerns about their material well-being, in order to follow more elemental desires for security and feelings of belonging. But we did not lea
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Budget 2020
- Torrent: Cut to ‘reduce’, revise fair value to Rs 2,350 a share
- Budget 2020 hasn't violated fiscal discipline: FM Sitharaman
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- Budget 2020: FM Sitharaman takes on P Chidambaram over defence budget allocation
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- Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer
- Budget 2020: How ESOP tax changes will benefit start-up employees
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