Four reasons why Sitharaman's stimulus measures are short on vision

Allowing larger firms to flourish, enabling smaller firms to secure cheap financing and forcing the state to retreat from business would be the great news the private sector has been waiting for

India is belatedly acknowledging that something’s gone wrong with what was once billed as the world’s fastest-growing economy.

That’s the good news. The bad news is that New Delhi still doesn’t have a cohesive strategy to reverse the slowdown.

Finance Minister Nirmala Sitharaman did offer a stimulus package on Friday. The highlight was the rollback of a tax surcharge on overseas investors that she herself had imposed in July’s budget. It’s a welcome concession, though there’s no logic in giving global banks a break on derivatives they trade in India while denying the same tax benefit to local hedge funds. 

This unfair discrimination