Business index rankings have become a substitute for addressing the fundamental constraints faced by entrepreneurs
Building state capability is not an easy process, especially in a democratic setup
Govt is increasingly keen to deliver even specific items like toilets, water, gas cylinders, where it can show the beneficiary immediate results. This new welfarism helps win polls but not development
India's rankings on global competitiveness indicators and the World Bank's ease of doing business have improved due to reforms like GST & IBC, but yet exports have been tepid and imports have surged
In this period of global turbulence, and with elections on the horizon, India must adopt credible and strong measures, along with clear communication, to stabilise the economy
Government should weigh the pros and cons of a solution before putting it into effect to ensure it does not end up creating even bigger problems down the line
As global giants embark on a trade war, pygmies in global trade like India may either get crushed or, if they play smartly, be able to increase their market share
The government unveiled a series of half-hearted measures to address it and kept kicking the can down the road
The Terms of Reference of the 15th Finance Commission might undermine positive momentum towards 'cooperative federalism'
PM will surely exhort Davos crowd this month to come help make New India. 'Make in India' is great slogan, but more of what we buy, or what the rest of the world buys is not yet being 'Made in India'
With high interest rates, and a low risk of depreciation, portfolio inflows have risen sharply, leading to the appreciation of the rupee
Given the key role of states and PSUs in the economy, the panel that is reviewing FRBM Act must examine the broader public sector's finances, and not focus purely on the Centre's fiscal deficit
Sustained GDP growth of eight to nine per cent will be possible only if India's investment rate, which has dropped below 30 per cent, climbs back above 35 per cent
India's economic team must get less conservative and improve co-ordination
Incrementalism can only work if subsequent Budgets and opportunities in between Budgets are used to reform as well
Distinguished visiting professor, National INstitute of Public Finance and Policy