Page 3 - Rathin Roy

The myth of India's import dependence

If bilateral tensions escalate, then there may be a scenario in which India and China cease to trade

Covid-19 lockdown: Forget administrative strategy, shift to an economic one

It is important that the country now shift from a home ministry-driven administrative approach to an economic approach

Establish fiscal council to scale up spending

India will have to address the big fiscal prudence challenge, which is not captured by the fiscal deficit/GDP metric

Economic lessons of coronavirus

Coronavirus' genesis in China, and its transitive impact on global economic activity, portend important lessons for economists

Back to the public sector?

Of the Rs 102 trillion to be deployed through to FY25, 78 per cent is to be mobilised by the public sector and 22 per cent by the private sector.

Minimum wage macroeconomics

When relative prices do not serve the national good, then there is a case for government intervention, especially when distorted relative prices are a driver of macroeconomic slowdown

Structural slowdown and home market demand

While this is immediately clarifying for policymakers, a structural slowdown can be variously interpreted depending on one's analytical framework and understanding of the ground situation

A silent fiscal crisis?

The ability of government to shrink the expenditures in 2019-20 would severely strain attempts to maintain fiscal discipline

Some medium-term fiscal arithmetic

A medium-term macro-fiscal exercise will make clear the analytical choices and trade-offs that the government faces

A tale of two disenchantments

We have neither good hospitals nor adequate fighter aircraft; neither good extension services nor adequate public transport.

Govt's shrinking fiscal space

But national parties make grand promises and then, when in power, scramble to find even meagre additional resources.

Missing the wood for the trees

This misplaced excitement at having uncovered some non-existent fiscal jugglery is a consequence of lazy analytical thinking which governments cheerfully exploit

Budget 2018: Important measures required to return to fiscal reforms path

The fiscal deficit for 2017-18 is 3.5% of GDP, 0.3% higher than presented in last year's budget

Balancing act on fiscal deficit

The growth and buoyancy of direct tax revenue in the 2014-2017 period is lower than in any sub-period this millennium

Financing the SDGs

Finance Ministries, the G-7 and the G20 need to see that SDG achievement is their core business, as it about maximizing global growth

An insider's take on FRBM report

Extant FRBM legislation focusses on two operational targets, the fiscal deficit and revenue deficit

Rathin Roy: RBI as uncertain as the rest of us

The monetary policy committee of the Reserve Bank of India has left the repo rate unchanged at 6.25%

Rathin Roy: Reforming the UN development system

The increasing importance of EMEs has the potential to simultaneously bring new ideas and broader ownership to the UNDS

Rathin Roy: Visioning India 2032

Rathin Roy: Need for simple macro-framework