The writer is contributing editor, 'The Indian Express', and senior India analyst, The Observatory Group, a New York-based macro policy advisory group
At a minimum, the World Bank is guilty of following the not so scholarly tradition of Western scholars to ignore scholarship from elsewhere, even when it is right under their nose.
The Opposition is trying to create an alternate narrative about the political and economic reality under the Modi government.
LTCG is a bad idea. The best policy for the taxman is one that maximises revenue, not one that maximises his morality, or his employment, or discretionary powers
Tax buoyancy has helped the government to budget for schemes that make transfer of revenues to the bottom third of the population possible. There was no reason for the long-term capital gains tax
India can, and must, reform its welfare system. More efficient redistribution is desirable for ethical and political reasons
The implied savings estimates for India, derived from his calculations of income distribution, do not conform to any known model of savings behaviour
A direct outcome of demonetisation is a sharp increase in 2017-18 in tax buoyancy (revenues per unit of growth). Given this ‘unexpected’ result, will the knee-jerk critics of demonetisation please stand down?
It is on course for high growth, low inflation, lower taxation, increased income support for the needy. And declining inequality.
This election was the first since slow economic growth was apparent and in the data. A slow economy, however, was not the only factor — after all, in Himachal Pradesh (HP), the BJP won by a large margin.
For whom will the election bells toll -- a confident BJP or a reviving Congress? The opinion polls suggest that this may not be a Rahul Gandhi moment.
Here is a modest proposal to bring about much-needed accountability to the decisions of the RBI (and MPC): Let the RBI governor be questioned by Parliament twice a year
The first year of operation of the Monetary Policy Committee has imposed considerable costs on the economy with very few benefits. What explains its decisions?
A forthcoming book explains that inflation, which haunted the world in the Seventies and the Eighties, is now only a windmill to be tilted at
It was about both politics and economics. It is an acknowledged political success and early ‘returns’ indicate an economic success story as well.
Surveys on hunger suggest that like poverty, it is more a relative, than absolute, concept. The best policy to increase nutrition is via sanitation and clean water
We all have a choice — we can either debate evidence, or manufacture conclusions
The incomes of the poorest are rising at a faster pace than any time since January 2015. That could be the reason for Modi winning elections and why the growth slowdown will soon reverse.
Inflation is down by 700 bp since 2013, and policy rates have declined by 200bp — and you are still wondering why GDP growth is slow?
In India we have a monetary authority that admits to not understanding inflation — but persists in damaging an already weak economy because it does not understand it
Average CPI inflation for eight months since September 2016 has been 3.7 per cent. How long are you going to wait and watch, MPC, before you admit that you were wrong in your assessment?
Papa CJ started stand-up comedy in 2004 after his visit to the annual Fringe festival in Edinburgh. Since then, amongst various places, he has performed at the Sydney Opera House and also at gun-point in South Africa, he quips.