India abstained from voting on the IMF's USD 1 billion loan to Pakistan, citing concerns over cross-border terrorism and governance issues.
3 min read10 May 2025Calls for economic reforms have grown louder amid global uncertainty. But these fail to recognize the political conditions that must be met for such changes to go through and succeed.
4 min read20 Apr 2025Govt must lead by enhancing labor productivity, and infrastructure and energy efficiency, besides setting up large free-trade zones along the coast
3 min read3 Feb 2025Globalization stares at further reversals even as India’s economy needs an export-led boost. Advocacy of friction-free and low-barrier trade would serve our interests and also be a tribute to the liberalizer’s legacy.
3 min read30 Dec 2024The rise of Manmohan Singh (1932-2024) from ordinary beginnings to a giant stature is a tribute to the genius of Indian democracy. Under his leadership, India clocked the highest ever growth rates. No other economist comes even close to his spectacular achievements
3 min read27 Dec 2024From cash handouts and PSU retention to a rollback of pension reforms, the new economic policy consensus among political parties isn’t reformist. The challenge is to chalk out a widely acceptable economic agenda that is.
4 min read2 Dec 2024With cyclical policy space constrained, India’s focus should be on continued structural reform to trigger a private capex cycle.
6 min read16 Jul 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared