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Josh Felman is the principal at JH Consulting, a macroeconomic consulting firm based in Washington, D.C. Previously, he had a long career at the International Monetary Fund (IMF), where he held a number of senior management positions. He has had an extensive association with Asia, and India in particular. During the mid-2000s he ran the IMF's India office, and returned to Delhi from 2015-17 to provide technical assistance to the ministry of finance, where he worked closely with the then chief economic adviser (CEA), Arvind Subramanian.
Josh Felman is the principal at JH Consulting, a macroeconomic consulting firm based in Washington, D.C. Previously, he had a long career at the International Monetary Fund (IMF), where he held a number of senior management positions. He has had an extensive association with Asia, and India in particular. During the mid-2000s he ran the IMF's India office, and returned to Delhi from 2015-17 to provide technical assistance to the ministry of finance, where he worked closely with the then chief economic adviser (CEA), Arvind Subramanian.
China has been the world's largest trader since 2013, its economy is now larger than that of the US in purchasing power parity terms, and soon it will pull ahead in terms of market exchange rates, too
Automatic, counter-cyclical transfers from the Centre to states can build trust and prevent trust from being corroded
Its objectives are clear. But the reality in recent years has not cooperated with the government's plans
The leaked NSS consumption numbers have provoked a debate. While arguments by various sides are not really convincing there are some broad lessons
Its internal debts are mounting to unsustainable heights, and domestic investment levels have passed the point of diminishing returns
The authors propose an alternative to build a new rural India where a basic income, regardless of agricultural vagaries, will be guaranteed