Page 2 - Ajay Shah

We need to talk about China as global economic tensions remain high

Chinese govt made important mistakes during pandemic. It chose to support Russia in its invasion of Ukraine in 2022. Embracing nationalism, it chose hostile behaviour against India in 2017 and 2020

A new Plaza Accord? Dollar's depreciation now needs no global agreement

Trump-era whispers of a 'Mar-a-Lago Accord' echo the 1985 Plaza Accord, but global realities, shifting alliances and a weaker dollar complicate any such grand bargain

Liberation day: How should Indian firms and policymakers respond?

Firms in India tend to be highly connected into the US economy through elite human networks

A dark phase for CO2 control? The crisis is severe, but improvement likely

How should we make sense of this situation? What is the path ahead? Are we headed for a runaway climate change dystopia or can we do better?

Blow hot or blow cold? Trusted indicators give conflicting signals

How could we find our way out of this gloom to a happier scenario?

Running episodic deregulation: Every project must clear three questions

Reasoning about regulation involves comparing the costs and benefits. Full freedom allows the people to pursue economic efficiency

The need for strategic thinking: Focusing on big gains in key areas

We need to be strategic to husband our policy reform resources, devoting energy to a few important areas that will materially impact the investment environment for private persons

New restrictions on AI chips into India but growth remains unaffected

The US restrictions are part of global tech wars and the third globalisation, aimed at hindering China's access to AI technologies

Stop-start in currency volatility: Markets deliver consistent daily shifts

Policymakers can get export growth for some time through subsidies, whether a production-linked incentive or a falsified exchange rate

Indo-US FTA: A strategic opportunity amid global trade challenges

The people in the US who are imbued with free trade as a philosophy are concerned about the growing impediments to global trade

Understanding India's growth: Lessons from its economic episodes

How can we create conditions for a next Indian growth episode?

Strategy for FDI by Indian firms: A 2x2 classification for the leadership

Watching global firms utilising services production in India offers insights into the role of FDI

Enabling conditions for nuclear energy: Five key tasks for policymakers

Indian energy policy should create conditions where private firms may consider whether it is optimal for them to buy such equipment

India has skin in the game: A call for foreign policy beyond free-riding

India has an interest in evolving the "third globalisation" into a true globalisation within the core while cutting off strategic rivals like China

A revival in China? Recent govt stimulus fails to address deeper issues

The Chinese government has a philosophy of control which extends into macroeconomics

Resist real estate mania: Lessons from the Chinese property meltdown

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

Why is FDI important for India's economic growth and development process?

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

Do policy reversals make a difference to the problem of private investment?

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

Legal system reform: Kerala HC's '24x7 ON Court' an important early step

We may hope for deeper process transformation over many years through the journey of political economy, consultation, and scientific research

Electricity: A strategic view

Heavy lifting is now required in electricity and financial reforms