Indian economic policy has not allowed firms to be created and to grow and prosper at the levels required for…
Financial sector reforms have to be governed by the goal of increasing the flow of funds to productive and efficient…
Job growth in India that accompanies output growth is anaemic, although not absent. We need to focus on the process…
In my last column, on “good jobs” for India, I noted the importance of scale and complementarities in creating such…
The basic economic insights are obvious, but tend to get lost in discussions of formal versus informal sector and self-employment…
Budget 2018: The reintroduction of the long-term capital gains (LTCG) tax on equities may dampen some froth, but if the…
Recently, The Economist magazine featured a prominent article on India’s missing middle class. One point made in the piece was…
Else, it will grow slower, as the current rates are not an equilibrium. With the lack of enough good jobs,…
An experiment in a single school in a poor area of Delhi showed that the right software can aid learning…
Behavioural nudges may be a part of good economic policymaking, but much more will be involved. Tweets, even if it…
Economic reform in India has to be about much more than freeing up the market, or getting prices right. Clearly,…
Finance occupies an awkward place in present-day economic thinking. Much of economic analysis abstracts away from the role that financial…
India is now enthusiastically on board with this effort, and has promised to ramp up installation of capacity for electricity…
Last month, the Center for International Development at Harvard University made news with its prediction that India will be an…
Institutional innovation is just as important as technological innovation; so while JAM is important, focus on reforming PSBs.
The recent US visit of India’s prime minister Narendra Modi garnered an unusual amount of media attention, perhaps because US…
The current government has controlled the worst excesses of corruption that flourished in the last years of the UPA, also…
A half-dozen years ago, I participated in a conference on water resource challenges in India. I remember Upmanu Lall, professor…
