Budget 2022: Highlights Will the ghost of Pranab Mukherjee come back to haunt Nirmala Sitharaman? She has opted for a high fiscal deficit for the third time in a row to keep stimulating an economy still recovering from Covid. This […]
Nirmala Sitharaman is right to gamble on growth. But she should know it’s a gamble Read More »
The Budget has been widely praised for avoiding populist freebies before the coming state elections and focusing instead on a big investment thrust to accelerate economic growth and lift all boats. The black spot is the failure of privatisation this
FM could privatise 1% at a time Read More »
This is, by design, a ‘boring’ Economic Survey. Anybody seeking clues to the budget proposals in the Survey 2021-22 will be disappointed. Having gone through several changes in the last two decades, the Survey has reverted to an earlier avatar
Economic Survey 2021-22: India is ready for strong, agile FY23 Read More »
I have always wanted the statue of King George on Rajpath to be replaced by one of Mahatma Gandhi, Father of the Nation. But now the BJP has decided to install a statue of Subhas Chandra Bose. This is a
Don’t oppose Bose statue, re-claim him from BJP Read More »
Global stock markets will suffer a major crash within the next year. There. I\’ve said it without hedging or qualification. I could have said something more cautious like, \’The chances of a stock market crash have increased considerably.\’ Or, \’The
In a market so full of madness, a big global stock market crash is coming Read More »
Readers may be horrified that a new survey of YouGov, Mint a and CPR suggests that 51% of Indians are disillusioned with democracy and would prefer rule by a strongman, General or technocrat. However, be careful in interpreting these finding.
Do Indian voters really prefer rule by a strongman? Read More »
Last year, India got an economist\’s budget. But with five states going to the polls soon after the Budget, radical reform is unlikely this time. An “election budget” is typically one before a general election, high on populism and low
Politics will dominate this year’s budget Read More »
Aakar Patel, former head of Amnesty International in India, has savaged the seven years of Narendra Modi\’s rule in his latest book, Price of the Modi Years. Backed by considerable research, it has more credibility than other rhetorical denunciations of
A new book on the Modi years mixes actuality with amnesia Read More »
Covid cases are rising exponentially in India with the third wave causing one lakh infections per day. The US has crossed one million cases per day, and India is likely to exceed that soon. Should upcoming elections in five states
Why poll panel should return to single-day voting Read More »
The International Monetary Fund has projected India’s GDP growth at 9.5% in 2021 and 8.5% in 2022, making it the fastest-growing economy in the world. Deepak Parekh of HDFC, doyen of the private sector, says he is more optimistic than
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