Independent India has never been a full-blooded international trader. But then who is a free trader in these uncertain times when even the United States is putting up tariff walls faster than physical ones? Our governmental instincts veer towards protection rather than international competitiveness. India too large, too poor To be sure, the 1991 liberalisation […]Read More India shies away from free trade
Modi 1.0 was all about learning the ropes of national governance. Budget preparation and execution is a key ingredient. Budget purists cavil that budgets under Modi 1.0 were high on fuzzy motherhood goals and discretionary expenditure but low on schematic, multiplier enhancing allocations. Arun Jaitley’s five years as FM Rhetoric and poetry are part of […]Read More Budget FY2020 – Marching to a different drum beat
The 2019 election results illustrated the transformative political and social changes sweeping India. Will the new Narendra Modi government adapt its economic policies to fit the changed expectations or will it dish out more of the same? The honeymoon is over The 2014 Budget was expectedly a laundry list of good intentions. Five years down […]Read More Modi 2.0 Different Economic Strokes?