governance, political economy, institutional development and economic regulation
Finance minister Nirmala Sitharaman made history merely by standing up to present the Union Budget on Friday — being India’s first full-time woman FM to do so. True to the forceful style of the BJP, she delivered the speech with zeal and conviction to the loud thumping of desks by the treasury benches with a […]
Read More Nirmala Sitharaman hits all the right buttons for a balanced budgetIndia’s elites – the top 0.1 per cent of families, who only shop overseas and have grown fatter the fastest – have a visceral fear of foreign buyouts. The average Indian couldn’t care less – they only look for lower prices and better quality. There are no sari clad Westestern CEOs India’s politicians, particularly in […]
Read More Stopping foreigners from owning Indian retail e-commerceGrowth “wallahs” (RBI, MOF) routinely underestimate the interlinked role of land, water and housing in development. In India’s context, these are critical for a long term growth strategy. Our growth czars are disingenuous in routinely deriding the use of equity markets and foreign investment as valid indicators for economic health but are quick to […]
Read More Mouldy Growth Fundamentals