The stance of financial policy must not be to prevent lending against the field of real estate. It must be to support the financing that induces ample supply, which will keep real estate prices down
To get a 10x gain in FDI, we need to solve the deeper issues. The problems in India are reminiscent of those seen in China, on a smaller scale
Harmony and optimism in overall culture helps foster animal spirits. When the culture is infused with anger and violence, it is hard for private persons to make the leap of faith required in investing
We may hope for deeper process transformation over many years through the journey of political economy, consultation, and scientific research
Heavy lifting is now required in electricity and financial reforms
Policy reforms would work better than programmes or projects
What is the state of the economy, and the implications for policy?
We should not just solve the proximate symptoms
In one rare situation, there is a case for some protectionism against imports from China
Greater effectiveness will come from improved organisation design in the Union government
On-Budget subsidies create more gratitude in the voter
The economy would be more stable if the exchange rate fluctuated more
Taxation of wealth and inheritance has been tried in India before. These ideas should not be resurrected
Is there such a thing in India?
Strategy thinkers have to redesign firms
The Indian community needs to develop a shared consensus on three challenges
Mounting stress upon India's grid engineers
Financial economic policy in India holds back the possibilities
Finance has made peace with the five big threats
We need to attain sustained small primary surpluses