The Indian economy has likely gone through a mega structural break experience via demonetisation.
PM Narendra Modi has nothing to gain and everything to lose by pursuing a divisive social agenda; he has to…
With CPI inflation at near-historic lows, according to the ‘RBI law of mean reversion’, the future means high inflation
There was near universal expectation by politicians, pollsters, opinion and exit polls that the BJP, eighteen months after their resounding…
Amidst much fanfare, and great expectations, India joined the rest of the world by forming a monetary policy committee (MPC)…
The Budget has been extra-careful and conservative about the impact of DeMo on the economy. It is very likely that…
There has been a lot of well-intentioned talk about the need for employment growth in manufacturing in India. Most of…
A meaningful reduction in effective corporate tax rate, to around 20%, is the correct follow-through to demonetisation
Jaitley can cut everyone’s tax burden, even pay the poor, and be revenue-neutral by cutting sops
The Union Budget provides the opportunity for a flat income tax rate and a negative income tax for the poor
What the prime minister’s speech of December 31, 2016, made clear was that India was firmly moving away from the…
One of the more endearing, and enlightening, acronym that the Indian upper class has come up with is PLUs.
Conservative intellectual rightness same as classic liberal thought; includes Right liberals, but not Left intellectuals
The greater the drivel against its likely success, the better the prospects of a demonetised India
The rumours of even a 1 ppt decline in GDP growth for 2016-17 are vastly exaggerated—and don’t have much basis…
The Constitution is a lot more liberal than the interpretation placed on it by Supreme Court justices
It is now more than two weeks since 8/11, and the government has stopped exchanging notes for cash. Politicians and…
The notion that there will be no benefits from demonetisation will be right if the govt cuts the tree and…
