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. Listen to R. Nagaraj, the well-known economist and…
In a democracy, should a central bank be autonomous or accountable? A middle ground and a balance has to be struck, The mix will depend on the legal system, traditions, and macro-economic context. In…
The internationalisation of the rupee is inevitable as the Indian economy grows. But currency internationalisation cannot be decided on one day and pursued the next. It comes about after a long…
Labour rights in India have been based on the norms of the International Labour Organization but these have not led to any noticeable increase in standards. India’s labour regulatory regime can…
Hard data from 2022-23 do not justify the gung-ho optimism of the talking heads in the media on the economy. While consumer good sales for the higher income groups are growing rapidly, at the lower…
A conversation with Aashique Ahmed Iqbal, historian and author of The Aeroplane and the Making of Modern India, on India's early experiments with flying, why we haven't mastered…
Industrial licencing established a framework through which newly independent India could spearhead development, and was not necessarily tied to socialism. This explains why it was generally accepted…
The G20 has remained a handmaiden of the Group of Seven (G7). Hence, even at the G20 the concerns of developing countries have been secondary to the interests of the major economies. Will the Indian…
‘India is Broken’ indicts all but a few from the political leadership for India’s economic failures. Does it fail to account for the challenges of building unity in a segmented society? Does it under…
Falling investment rates and declining manufacturing growth rates have marked the Indian GDP growth reversal since the mid-2010s. These structural defects have not yet been addressed. The current…
