Modi 2.0 100 not out!

The first 100 days of the Modi 2.0 government have been marked by lows and highs. Sadly, the lows are longer lasting, while the highs are transient, even in the short term. The biggest low was the Budget for FY 2019-20 in July, which was presented, in the absence of the late Arun Jaitley, with […]

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Indian Economy – The great slide

It’s scarier going downhill than climbing to the top. Whilst on the way up, the heavyweight of inertia is known and hence manageable. Going downhill, inertia accelerates descent in unknown ways.  The economy is no different. Flab (public sector banks), poorly maintained brakes (uncompetitive private firms), worn gear cogs (lack of structural reforms) or inadequate […]

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Piyush Goyal, opening batsman FY2020

The BJP is known for three tactical approaches. First, taking “bold” decisions as per its brand image — witness the swift rollout of the Goods and Services Tax by 2017. Second, it takes risks big time — consider the sudden November 2016 move on demonetisation, which has paid off only partially. Third, it under-informs the […]

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