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  1. Business News
  2. Authors
  3. surjit s bhalla

Surjit S Bhalla

There are journalists, and there are editors, and then there was Sunil.
Remembering Sunil Jain: A model human, and model journalist

What made me admire Sunil was that he was first and foremost an evidence-based journalist—a relative rarity in India, and…

By Surjit S Bhalla
May 17, 2021 06:00 IST
The last two entrants to adopt the IT arsenal (an appropriate use of the warlike term is because its proponents do want to wage a war against the scourge of inflation) were Argentina and India in 2016.
No country for inflation targeting?

A detached reading of the evidence suggests inflation targeting wasn’t responsible for the decline in India’s inflation—It contributed to a…

By Surjit S Bhalla
March 20, 2021 04:40 IST
This will go a long way in culling exemption notifications which either lose their relevance or become outdated for whatever reason.
Budget FY22 lays the foundation for future growth with reforms

Sitharaman has faced down the critics with performance. Breaking from the conventional past is very courageous—and effective in achieving India’s…

By Surjit S Bhalla
February 6, 2021 06:30 IST
NFHS – Ideology trumps analysis?

The newly released NFHS data reveals large improvements in welfare for Indian children, women, and households. Then why the deep…

By Surjit S Bhalla
December 26, 2020 05:30 IST
Fourth, forging market linkages may be quite challenging for the capacity of the FPOs. The markets in India are quite complex and entrenched.
No intellectual basis to the opposition to new farm laws

That there is no defense for old farm laws is vividly illustrated by the hypocrisy, and intellectual dishonesty, of those…

By Surjit S Bhalla
December 12, 2020 05:45 IST
Today, cases are 40 times, and deaths 24 times higher.
Fighting Covid-19 pandemic: Show us the evidence that lockdowns work

Lockdowns were an unnatural experiment, and they have not worked in achieving their major health objective of fewer infections or…

By Surjit S Bhalla
October 24, 2020 07:00 IST
India has pole position in another dimension of its response. It has announced several economic reforms as a part of the 10.5% stimulus package.
India’s Covid package combines short-term macro policy with long-term structural reforms

The Indian Covid response package combines short-term macro policy with long-term structural reforms, and at around 5% of GDP, one…

By Surjit S Bhalla
June 1, 2020 06:10 IST
RBI, RBI rate cut, Nirmala Sitharaman, GDP growth, corporate tax cut, Abhijit Banerjee, Esther Duflo, NREGA, Tax Policy, RBI data
No proof required: Cut tax rates, increase tax revenue

Contrary to forecast expectations, the corporate tax cut of September 2019 have led to an increase in tax revenues, and…

By Surjit S Bhalla
Updated: February 8, 2020 02:30 IST
consumption, consumption survey
Flawed findings show NSO needs reforms

Sometimes, a proud nation has to recognise that its statistical institution is failing the most basic of credibility “smell” tests;…

By Surjit S Bhalla
November 27, 2019 00:36 IST
Corporate tax cut: The making of history

We believe that there is a strong possibility of a final corporate tax cut with the adoption of the direct…

By Surjit S Bhalla
September 28, 2019 01:34 IST
Arun Jaitley,BJP,Modi-Jaitley-Shah, GST, nirmla sitharaman, bankruptcy code, GST council, GST law, GST revenue, GDP
Arun Jaitley: A politician savant

We will all miss Arun Jaitley very much—for his non-partisan friendship, his intellect & his immense contributions to policy making.…

By Surjit S Bhalla
August 31, 2019 00:37 IST
economy, indian economy, 5 trillion economyGDP growth, Indian GDP growth, KPMG report,
No economy has sustained GDP growth with a real policy rate above 1.75%

Is India as different as claimed by “experts”? My own experience, and interpretation, is that India is very different because…

By Surjit S Bhalla
August 10, 2019 01:59 IST
Borrow in foreign currency, profit from market imperfections

Sooner India engages in foreign currency borrowing, the quicker it can profit from this market imperfection, shows cross-country evidence for…

By Surjit S Bhalla
Updated: August 3, 2019 07:14 IST
data analysis, GDP growth, data collection, NSSO data, Central Statistics Office, NSSO employment surveys, socio economic, data policy 
Survey data or economic environment can’t be interpreted the same way as halcyon days

In this article, I would like to point to some of the perils of poor data quality and often erroneous…

By Surjit S Bhalla
July 27, 2019 00:36 IST
Budget 2019-20, Union Budget 2019 India
Budget 2019: Nirmala Sitharaman shows how future budgets should be

Budget 2019 India: Excise taxes went up for those the FMs wanted to punish, and down for those they wanted…

By Surjit S Bhalla
Updated: July 6, 2019 07:07 IST
Arvind Subramanian’s method suggests Germany overestimates GDP the most

Arvind Subramanian’s method of estimating GDP suggests that Germany overestimates the most; brazil underestimates GDP the most—India only a mild…

By Surjit S Bhalla
June 22, 2019 00:48 IST
The second point relates to GDP revisions involved with the base-year change from 2004-5 to 2011-12.
Reinterpreting GDP growth: Is it possible that no one knew about over-estimation?

GDP revisions undergo revisions, around the world, of 10-50 basis points, but a revision of 250 bp, annually, is unheard…

By Surjit S Bhalla
Updated: June 15, 2019 07:02 IST
What explains Earthquake Modi?

There is no going back; and the people believe Modi and trust Modi to deliver. That is why this election…

By Surjit S Bhalla
May 25, 2019 03:21 IST
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