India: Export for Growth

After inflation levels off, hopefully in the first quarter of the next fiscal year, after the Ukraine crisis becomes dormant, yet again, through exhaustion or accommodation (as in 2014) and thinking beyond the growing domestic political contestation, as India prepares for the quinquennial national electoral contest in April 2024, the problem of low growth is […]

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Independence day 2022: Looking Ahead

The annual address from the ramparts of the Red Fort is Prime Minister Modi’s prime vehicle for mass outreach, other than via his Twitter handle. His style—discursive, evocative, and expansive—suits the occasion where substance must needs take a back seat to rhetoric. All these are good reasons for not looking too deeply into the substance […]

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Bridging The Public Policy gaps

In the noticeably short term, say less than five years, decision paths and trade-offs are clearer than in the long term, say more than ten years. This is why governments make sensible short-term bets but like most individuals, flounder whilst taking decisions from the long-term perspective. Covid-19 management – a triumph of short-term decision making […]

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Taming regulatory excess in retail

How should government balance the interests of retail sellers whilst protecting the interests of consumers? Even handed legislation and transparent, market-based rules to kindle higher investment and growth, better employment opportunities and higher tax collection from trade would be the long-winded answer. Political economy shoulders out technical common sense Sadly, legislation, in democracies, is strongly […]

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Repurposing governance- trim the fat in state governments

The tragic snafu over making sufficient oxygen available to meet the spike in demand from COVID-related morbidity is a red flag for an underlying malaise—of overlapping mandates, state governments enfeebled by decades of Union government spoon feeding, and under capacitated local government. Sadly, state governments have voluntarily accepted this hollowing out of their core functions. […]

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