The government’s vaunted production-inked incentive scheme in selected sectors is aimed at turning India into a manufacturing powerhouse. But as Shankar Acharya points out here, this scheme is fraught with the risk of a proliferating hydra-headed bureaucracy with all the problems of inefficiency, corruption and low productivity that accompanied the pre-1991 licence-permit raj.
Other opinion focuses on the Indian economy’s future growth trajectory, our rising forex reserves and president-elect Joe Biden’s cabinet. Kanika Datta sums up the views.
With the second quarter GDP numbers due this week, Rajesh Kumar says an expected slower contraction or possibly a breakout will not end the problems of