If GST is as successful as is hoped, and if the demonetisation shock also wears off quickly, it is possible…
In George Orwell’s dystopian novel, Nineteen Eighty-Four, the world is dominated by three “super-states,” Oceania, Eurasia and Eastasia.
A rapid increase in options for small firms, and intermediaries willing to take on risk will put pressure on the…
In my last column, I argued that Indian higher education needs reinvention as well as reform. The supply constraints that…
Kapur and Mehta’s basic thesis is that India’s higher education system suffers from over-regulation and deficient governance.
India must raise more revenue from income and property taxes versus sales taxes.
RBI Deputy Governor, Viral Acharya’s solution is worth describing in detail, even if one is repeating his ideas, because his…
The initial reaction to this year’s Union Budget, presented a month earlier than in past years, was one of relief:…
The debt overhang at the banks, if allowed to continue, could hobble growth for years
November’s demonetisation policy announcement sucked all the air out of the room at the end of last year, but it…
India, along with the rest of the world, is on the brink of a new year. It certainly feels like…
Deconstructing demonetisation: No indication one-time costs will be outweighed by long-term benefits
The policy has not been well-justified and its implementation has been extremely poor
There is no indication that Trump’s policies will encourage direct investment by US firms in India, unless they are part…
In retrospect, one can see the contributors to this outcome: fear and dissatisfaction among a large segment of the American…
The community’s success is rooted in three core processes—selection, assimilation and entrepreneurship . The educated middle-class held on to a…
State and local governments have historically had neither the autonomy nor the funds to implement well the full range of…
Economic researchers have become an important resource for policymakers in their struggles to design policy reforms, since the former have…
The linked roles of technological and institutional innovation deserve greater attention
