)
Nitin Desai is a renowned economist and Chairperson of the Advisory Board at Desai & Associates. He has had a long career in government as Secretary and Chief Economic Adviser in the Finance Ministry.
Nitin Desai is a renowned economist and Chairperson of the Advisory Board at Desai & Associates. He has had a long career in government as Secretary and Chief Economic Adviser in the Finance Ministry.
Montek Singh Ahluwalia's book should be read by those who want to understand the past and those responsible for planning our future, says Nitin Desai
In all probability, the end of the year will see the same jugglery with the subsidy payments that we saw this year to keep the deficit figure on target
A broad-based coalition would be better to protect dissent and diversity and a cooperative federalism that joins the Centre and the states in shared decision making
Laws, codes of conduct for elections and their implementation by an independent Election Commission are only the beginning
Fiscal prudence, compliance and simplification - however desirable - are too narrow as a focus for policy design
The IMF has argued for fiscal and monetary prudence. But for accelerating growth India should be prudent about such prudence
Reforms in infrastructure strategy, bank governance and debt markets needed to prevent future NPA traumas
We must move towards a people-centric, ecosystem-oriented management
With rising media interest in Budgets over the years governments have used them as propaganda vehicles
The projected deficit for FY2019 is 3.3%. What underlies this is a tax revenue growth of 16.6% and expenditure growth of 10.1%
India can meet its job-creation challenge by modernising and galvanising the large hidden potential of the unorganised sector
Getting an agreement on GST should be the main concern for the government, not demonetisation
Public funding of political parties in elections requires a more credible law on spending and a much tougher monitoring process
GST implementation will be compromised with the seven-rate structure, while the Direct Tax Code continues to be in cold storage
India should counter the blame game at the global forum, but also act urgently to ensure our children inherit a better world
It is just one element of the new architecture of macroeconomic policy. Much more is required to shore up the economy
The real challenge facing the Indian economy now is the restructuring of public institutions and regulatory systems
Even in relatively poor tribal areas local leadership is available and people power can deliver
Three changes required in the political tactics of the ruling party
Credibility of India's carbon emissions projections will rest on whether there's large-scale investment in research and development