Being optimistic on India

India has changed. Gone is the earlier hesitation about being coldly pragmatic while keeping the public interest in mind. Foggy Post-Colonial and Cold-War ideological baggage is being stowed away, appropriately. The clear guard rails developed for dealing with the Ukrainian crisis do the country proud—extending principled support for the continuation of the international mediation effort, […]

Read More Being optimistic on India

Decentralize to empower the bottom of the income pyramid

Over the last three decades, it has become customary to disregard the fears of the “little woman” at the bottom of the income pyramid, as mere misinformed or worse—unenlightened, unreasonable insecurity. Unrequited love for markets After all, markets, if regulated appropriately, have delivered wonderfully and poorer economies have benefited more than developed ones. South Asian […]

Read More Decentralize to empower the bottom of the income pyramid

Democratic overload

Amitabh Kant the CEO of NITI Ayog got a taste of the underside of celebrity status when his remark on there being “too much democracy in India” created a social media storm of protest. Mr. Kant clarified subsequently that the news coverage had omitted the latter part of his sentence “……. for it to be […]

Read More Democratic overload

Trudging up the recession gorge

We have got used to being feted by the international community as a “rising great power”. This suits our exaggerated self-perception and the choreographed diplomatic dance of real Great Powers (US and EU) with China, truly, a risen great power, albeit increasingly not a benign one. Covid mirror The Covid epidemic has shown up all […]

Read More Trudging up the recession gorge

The price of fiscal exuberance

Politics is heating up. Elections in Bihar loom in November with Assam, Kerala, Tamil Nadu* and West Bengal tightly packed together in May next year, just after the FY 2021-22 budget. Bihar remains rural at heart. Luckily for the BJP, agriculture is the bright star in the Indian economy with expected growth of 3%. Doesn’t […]

Read More The price of fiscal exuberance