The Reserve Bank of India’s annual report released Tuesday confirms the prospect of shrinking GDP this fiscal and predicts that the fiscal constraints on the government will limit its contribution to expanding demand in the years ahead. So how can the Indian economy do well given these severe macro-economic constraints? The answer, says the top edit, is policy reform to enhance productivity and it lists the agenda here.
Other views examine the government’s plans for faceless tax appeals, Sebi’s demand for enhanced powers and the Kerala government’s objections to Adani Enterprises being awarded the Thiruvananthapuram airport. Kanika Datta