Author
The author is a senior economist, columnist, author and a votary of inclusive development
India could create an opportunity to lead a neutral but narrowing and ‘weak’ third block. Additionally, the leadership must guide us to create a space to trade with ‘friendly’ economies
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India is a high growth economy, and its job market as a result, may not be impacted significantly in the short run
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India is a poor country. Let’s not pretend we are a middle economy and accept that unemployment and its impact will ripple beyond the economy.
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Unemployment imposes significant, often unsurmountable costs on the individual. High unemployment has a self-perpetuating and negative impact on the economy and society.
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Covid-19 has been a seismic event, upending almost every facet of life and the economy. Let’s try to understand the evolving business trends
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India needs to draft a more inclusive social contract, supported and funded by public investment. Despite the criticism she may receive for presenting an ‘election’ budget’, the country owes the deprived section a wide and inclusive ‘care’ economy. It is good economics too.
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Shared ambition must yield shared prosperity. India needs to draft a more inclusive social contract, supported & funded by public investment in the care economy, education, and health. Stronger safety net and better targeted basic income must get a second look.
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Investors believe there is money to be made. The ecosystem sees them as growth drivers, job creators and a catalyst across the larger context.
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Investor education and awareness can weed out the unscrupulous. In addition regulatory framework needs to build both capacity and will.
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Economic reforms are not sufficient. While the rate of growth is important, so is the trajectory and pattern. Growth must be accompanied by a very intense focus on social mobility.
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