Neither RBI nor the central government has been doing an ideal job of managing key aspects of the economy. If RBI failed in bank regulation when bad loans were being made, the government’s failure to allow or enable banks,
At India’s stage of economic and institutional development, kleptocracy in the private and public sector, which is most lucrative for large-scale, long-term investments, is the country’s biggest economic problem.
The financing of firms and the skilling of workers are both activities that can be done more efficiently with better management, catalysing the relaxation of other constraints on the performance of the economy,
The next general election is less than a year away, and this is a good time to take stock of where India’s economy might be headed. Recent academic research seems to support the hypothesis that democracies do better than au
In my last column, on “good jobs” for India, I noted the importance of scale and complementarities in creating such jobs, and the possibility of focusing on coastal economic zones (CEZs), an idea from Chinese experience
Budget 2018: The reintroduction of the long-term capital gains (LTCG) tax on equities may dampen some froth, but if the real economy stays strong, the impact of the tax may just be a little extra revenue for the government.
Recently, The Economist magazine featured a prominent article on India’s missing middle class. One point made in the piece was that income distribution in India has become more unequal, and the gains from economic growth ha
An experiment in a single school in a poor area of Delhi showed that the right software can aid learning dramatically. Software can be customised and adaptive to a student’s level and even transitory states.
Economic reform in India has to be about much more than freeing up the market, or getting prices right. Clearly, a horrendously inefficient indirect tax system and inordinately restrictive labour market regulations are two ex