governance, political economy, institutional development and economic regulation
Delhi has yet to overcome its Raj inheritance. The capital exudes the complacence of satiated imperialism, decades after the rest of the country has been democratized. The most egregious twin dogmas Two particularly deep-seated Raj dogmas plague Delhi. First, that India has an entitlement to lead the world and second, that our long-term foe is […]
Read More India’s Raj inheritanceIndependent India has never been a full-blooded international trader. But then who is a free trader in these uncertain times when even the United States is putting up tariff walls faster than physical ones? Our governmental instincts veer towards protection rather than international competitiveness. India too large, too poor To be sure, the 1991 liberalisation […]
Read More India shies away from free tradeOne doesn’t quite know what it takes to win a Sveriges Riksbank Prize — instituted in 2006 in Memory of Alfred Nobel — in the Economic Sciences category. The three winners this year, of which two are also co-authors of a book – “Good Economics for Hard Times” 2019 are the ones best placed to […]
Read More Saving the world from below – Nobel Prize winners Banerjee- DufloExports in the first half of this fiscal year were $267 billion, 1.9 per cent higher than last year. This was dismal if exports are to be the engine driving GDP growth. Imports, at $312 billion, reflected poor domestic demand and contracted by 3.2 per cent. The only good news was that the trade deficit […]
Read More A hybrid export model might fly
Opinion India 