Best of BS Opinion: External exposure, Growth sans big bang reforms & more

Here is the best of Business Standard's opinion pieces for today

The Government of India bonds will soon be added to the emerging market bond index of JP Morgan. In this regard, our lead editorial notes that foreign ownership of government bonds will increase over time, which would demand better and predictable fiscal management. Shifts in index weighting can lead to large outflows, which will also demand agile forex management by the RBI to avoid excess currency volatility.  Read here

In other views

Whichever way you look at it, sustained growth of 7 per cent seems to be the optimal outcome for India. The record of the past three decades suggests that this can happen with incremental, not “big bang”, reforms, writes T T Ram Mohan. Read here

Amit Kapoor and Bibek Debroy notes that the management of urban utilities in Jamshedpur shows the potential for delivering high-quality services through the private sector, but the challenge is to make such bodies accountable to people. Read here

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“World today needs governments which are inclusive, take everyone along, are clean and free from corruption.”

 

Prime Minister Narendra Modi