Author
The author is a senior economist, columnist, author and a votary of inclusive development
While bitcoins may not be the ‘Tulip’ bulbs of 2020, a better comparison is to a sparkling & shooting star, alluring people, attracting investment even as it flickers
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The elected representatives are the trustees and not owners who can spend funds in a way that benefits them.
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We are still stuck in a low wage, lower productivity environment. Policymakers must recognise that there are several moving parts to job creation, influencing it at different rates and at different periods of time. We focus narrowly. And can't see the wood for the trees
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Economic growth creates jobs. Prosperity brings significant improvement in inclusivity, living standards and upward mobility. We do not want another ‘lost’ decade.
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India needs a radical but holistic reform in the power sector. Reforms must focus and fix some of the long-standing issues that have crippled the sector. An inefficient power sector lowers competitiveness, hurts economic growth, and impedes human development
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We need judicial reforms pivoted around an institutional framework that not only stimulates, but catalyses an enabling ecosystem that delivers justice to all. Independently and swiftly
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The Crux study highlights that a third of all mergers create shareholder value, whereas a third destroy value. Most others don’t meet expectations. However, these numbers are getting worse. In certain industries for example, over 80 per cent of the mergers have failed to achieve the stated purpose.
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Geography drives exports as much as commerce. What works for landlocked states may not work for the coastal states. The state governments have a profound, more visible act to perform. Their actions impact the business environment up and close
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Inflation, even if it’s temporary, needs taming and the finance ministry uses the abundant fiscal space to supplement the effort of the RBI.
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Our policymakers and institutions are ambivalent about behavioural economics in the mistaken belief that behavioural economics neglects many macros, mass unemployment and others. Focusing on behaviours makes us understand why street vendors borrow at 60 per cent a year or why people buy extended warranties and drink and drive
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