Soon after Independence, Jawaharlal Nehru came up with an economic strategy that he felt corrected the mistakes made under British rule. He got a lot wrong This piece was first carried in the Times of India on September 29, 1996. […]
What Nehru got wrong about India’s economy after Independence Read More »
Once viewed as a basket case, Bangladesh has created a world-class ready-made garments (RMG) industry that now exports more than India. But its miracle story is ending. For years, Bangladesh’s economy has been held up as a model for India.
The rise and fall of Bangladesh’s economy, and the lessons in it Read More »
Let the govt declare the precise limits of its security yard, and erect high fences there. Let all else be open to the world, including China American ‘high fence, small yard’ approach could be a model for India This year’s
Making a case for attracting Chinese FDI Read More »
Synopsis Radical changes are unavoidable for a bankrupt country, as India was in 1991. But not for a country averaging 6.5-7.0% GDP ‘miracle’ growth for two decades, through serious crises like the Great Recession and Covid. When you are faring
The Budget deserves praise for good fiscal management, avoidance of freebies, high capex, and stability in medium term-policies but may not be the panacea for unemployment that the youth are looking for. “How many additional people will you hire as
Jobs ahoy? New incentives are clever politics Read More »
Politically, this is a ‘government bachao’ budget. But in economic terms, the budget is a macroeconomic dream come true. Here’s why When an economy excels, so can its finance minister, with budgetary aplomb. Riding on the winds of 8.2% gross
Budget gets many things right, but falters on sops for jobs Read More »
Synopsis Nirmala Sitharaman’s budget, benefiting from 8.2% GDP growth, cuts the fiscal deficit, boosts infrastructure, and adjusts import duties. It raises long-term capital gains tax, abolishes angel tax, and includes corporate tax cuts, employment incentives, state funding, income tax standard
Same same, but different: Budget 2024 is a ‘government bachao’ and prudent balancing act Read More »
Synopsis The Economic Survey 2023-24 forecasts 6.5-7% GDP growth, citing last year’s 8.2%. It highlights manufacturing growth, inflation control, pre-Covid consumption, AI job threats, global economic fragmentation, geopolitical shocks, carbon emissions, and retail participation. MNREGS uptake impacts noted. Stock markets
Economic Survey 2023-24: Sunny outlook with challenges ahead, AI impact on jobs Read More »
UP kanwar yatra order goes against spirit of ‘sabka saath’ That kanwariyas might unknowingly eat at a Muslim-owned shop is apparently so frightful a prospect for pilgrims that every shop must be forced to display names in order to reveal
UP kanwar yatra order goes against spirit of ‘sabka saath’ Read More »
Synopsis With BJP’s preference for stability post-election and global acclaim for past performance, major shifts are unlikely to happen in this budget. Focus would remain on fiscal discipline despite regional challenges and demands from NDA allies. Expect nominal adjustments in
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