Is India the global fall-guy?

It can’t be very gratifying being the Finance Minister when the International Monetary Fund is calling out India for being a growth laggard pulling down world growth in 2019 to 2.9 per cent (from 3.3 per cent forecast earlier) and in 2020 to 3.4 per cent (from 3.6 per cent forecast earlier). International Financial Institutions […]

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Changing India

India is changing – fast and on the run. Consider first, the distance Modi’s BJP has traveled from being a pro-business, pro-markets, pro small government, quasi “liberal” party in 2014 to becoming indistinguishable from the left in terms of its devotion to “welfarism” and large government. Nobel Laureate Abhijit Banerjee said as much recently in […]

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Modi takes charge of the budget

In the run up to the annual budget it is said the Prime Minister is engaged in reviewing the working of departments in eleven hour long meetings. The PMs brand managers possibly think this nugget will comfort the nation that all is well, now that the man at the helm has his hand on the […]

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Modi’s Legacy

What sort of a legacy will Prime Minister Narendra Modi leave India? Oh, come on… say those who like him – and there are many- it’s way too early to talk about a legacy. The man is full of energy, strong in the saddle and is likely to be around till 2030. They are probably […]

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Governance reform baby steps

Good governance day aka Christmas and the late Atalji – India’s poet politician’s – birthday, dawned with some good news. The government unleashed two initiatives to signal its commitment to “jointness” a clumsy European synonym for better teamwork. Both initiatives, curiously, relate to the breaking down of self- sufficient silos in administration to promote better […]

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RBI Gov Shakti Das does a U turn

Since the government no longer leaks information to the press on what is about to happen, it is tough to figure out whether the unanimous decision to hold the repo rate (the bank rate) at 5.15 per cent by the Monetary Policy Committee (MPC) on December 6 has the Union government’s blessings. Maybe this is […]

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