July 24, 2019
The rationale of the central bank’s mandate on inflation
The debate that should begin is whether RBI’s current mandate should continue after 2021 or there is a case for a fresh look.
July 17, 2019
The 1969 bank nationalization did India more harm than good
It was the pivot of a political economy strategy of the 1970s—when economic growth barely outpaced population growth.
July 16, 2019
Sovereign Bondage…For A Few Dollars More
The announcement in Budget 2019-20 of the government's intention to issue sovereign bonds to raise “a part of its gross borrowing programme in external markets in external currencies” could well end up as an exercise in pious policy paving the wa...
July 15, 2019
Free market politics, defection economics
The only homage paid to virtue, Lord Byron once said, is hypocrisy. The Indian political class has internalised this in letter and in spirit. Every party has a stance on defection and the stand depends on where they sit.
July 10, 2019
Opinion | A close examination of Indian financial and business cycles
In this article, Niranjan Rajadhyaksha takes a closer look at financial and business cycles in India. He analyses the policy implications of India's 12-year financial cycle, compared to the typical 5-year business cycle....
July 08, 2019
Budget and the Elephant in the Room
In this New Indian Express article, Shankkar Aiyar examines the new budget and the need for efficient government expenditure to meet the goal of $5-trillion GDP for India.
July 08, 2019
Union Budget 2019: An attempt to address the economy’s stress points
In this article published by Ideas for India, Niranjan Rajadhyaksha looks at how the budget seeks to address some of the stress points in the Indian economy with a lot riding on the sanctity of the budget numbers....
July 02, 2019
Note to the FM: India needs a new fiscal policy framework
Such a structural revamp can help rectify the use of fiscal policy, which has been pro- rather than counter-cyclical too often.
July 01, 2019
Modi govt’s Swachh Bharat shows why switching to ‘mission mode’ is helping India
From funding flexibility to faster outcomes, government service delivery works better if it is implemented in mission mode and not as a programme.
June 30, 2019
This Budget, focus on water crisis
Can India aspire for high growth without addressing the water crisis?