This article visually summarises, in two tables, how not-simple the GST is, which leads to serious but under-recognised problems of arbitrary and coercive implementation
The country should convert the Trump threat to an India opportunity, re-embracing a more liberal trade regime as a way of reviving manufacturing output and exports
India's exporters are already under dire threat from the US. That only makes it more important that they should not be attacked from the domestic side. QCOs must be eliminated immediately
India now holds about $650 billion in reserves, enough to finance nearly a year of imports. The problem is that global financial markets have even more firepower
In our earlier piece in these pages, we highlighted the unwelcome consequences of the exchange rate policy adopted under the outgoing Reserve Bank of India (RBI) regime
One of the most intriguing and relatively undocumented developments of the last 20 yrs has been "multi-plants," whereby a single firm operates not one but multiple production facilities within a state
In multi-plant units, flexibility in hiring & firing labour comes from fact of having many plants. In single plants, there is no such flexibility, which renders use of contract labour more important