R Nagaraj, an economist, is at the Indira Gandhi Institute for Development Research, Mumbai
What is ‘Formalisation’ of the Economy?
The informal sector is not made up of tax dodgers but largely of enterprises struggling to survive. It will take a structural transformation for the informal to become formal. The recent contraction…
Understanding India’s Economic Slowdown
The bust of the 2010s after the boom of the 2000s can be repaired only by an investment revival that is led in good part by the public sector. But one must first have a clear idea of what lies behind…
Make in India: Why didn't the Lion Roar?
“Make in India” has failed to meet its objective of turning industry around. The government has seemed more concerned with improving India’s rank in the spurious Ease of Doing Business Index, which…