In late June this year, Reliance Industries announced a US $10 billion investment for the production and use of hydrogen (H2). H2 is a colourless gas physically. But in the race to Net Zero Carbon, it comes in multiple colours, each representing a specific process. The many colors of H2 Grey is the cheapest at US […]Read More If data is the new oil is hydrogen the new gas?
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 […]Read More Taming regulatory excess in retail
Tamil is an ancient language which jostles Sanskrit on antiquity but remains in vibrant, modern use. It is also a cultural identity. Post-Independence, in 1947, the erstwhile Madras Presidency became the Madras State within the Union of India. In 1956, its borders were redrawn to shed the non-Tamil speaking peripheral areas of Andhra Pradesh, Karnataka, […]Read More Tamil Nadu needs an economic reboot
Mission “Karamyogi”, the Modi governments first stab at public sector capacity development, was unveiled during the pandemic in September last year—a reminder that whilst the rest of us worked languidly from home, bureaucratic wheels continued to churn albeit with reduced physical presence. The name of the Mission derives from the Bhagawad Gita—a lively, ancient, masterclass on […]Read More Feeding the beast- civil service training
Social media — the use of online platforms, as substitutes for old style, high-touch, physical contact formats like newspapers and one-on-one meetings — is now near ubiquitous, boosted greatly by the pandemic. Follow the money The ebb and flow of advertising revenues best illustrates the media preferences of customers. Digital marketing accounted for more than […]Read More Through the social media looking glass
Creativity blooms during periods of extreme turbulence. One such example is the “Doing Business” index, which was initiated in 2003, in the aftermath of the dotcom boom-bust of 2000-2004. Back then, state led development had decisively given way to a preference for an open economy, competition, markets and private enterprise. The Doing Business index benchmarked […]Read More How creative is the Indian economy?
India’s poor were delighted yesterday, to read in the newspaper, that India’s Executive Director to the International Monetary Fund – the celebrated data scientist Surjit Bhalla, assesses India’s poor to have reduced from 21.2 per cent in 2011 to just 6.3 per cent by 2018. He also asserts that the fastest reduction in poverty happened […]Read More Ending poverty statistically
The RBIs decision to hold the repo-rate (the administered rate at which the RBI lends money to banks) at 5.15 per cent for the second time in four months, mirrors the timidity of the Finance Minister in the budget proposals presented for FY 2021. Both are twins born of the same mother of policy paralysis […]Read More RBI chickens out of stoking growth
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 inheritance
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 […]Read More Indian Economy – The great slide