Because, for too long, the government and economists have only played at helping the poor
It’s time for Modi to be the Modi the Indian electorate voted for.
If Paul Volcker were RBI governor, he would cut rates aggressively — starting today
There is little evidence that inflation targeting helps reduce inflation — but it helps checkmate irresponsible politicians.
Delay in cutting interest rates would imply that the RBI is looking to bet on a horse after it has won the race.
No matter what in-the-name-of-the-poor scheme you cook up, the poor get less than 15 per cent
It is incumbent on experts, policymakers to construct models that stand up to the tests of reality
It is better to show higher world poverty by raising the poverty line than to distort history by using obsolete and questionable data
A resurgence in inflation is a low probability event. Given low GDP growth, why is the RBI acting so coy about cutting repo rates?
A rose by any other name is still a rose; an illogical act by any other name is still an illogical act.
If supply-side problems are the major ailment, why not cut rates — since monetary policy can affect output without affecting inflation
It plays no role in the rise and fall of inflation. RBI must junk its inflation expectations survey before it causes more damage to its reputation
Is passionate excess all there is to the criticism that the Indian cricket captain faces today?
The ‘long-term’ economic policies initiated in the first 100 days of the Modi government are, like the invisible hand, nowhere to be seen.
Who would have thought he would fail to communicate his thoughts, his ideas of reform, his vision for a new India?
If ever there was a compelling case for RBI to cut rates, it is today with CPI and WPI month on month inflation below 5 per cent for last six months.
Modi-led BJP is pursuing an illogical and regressive anti-trade-facilitation stance at the WTO.
If India succeeds in stalling talks, Modi will only be endorsing UPA’s very bad food procurement and economic policies .
2014 will be remembered as the year India comprehensively rejected its old mindset and changed course.
In 1968, India’s per capita income was around $100 per person per year.
If the presentation of the budget were better, most experts would not be missing the big ideas for the small trees.
UPA’s version was inadequate. NDA must improve upon it.
With Modi backing Aadhaar, government can save Rs 1.6 lakh crore in wasted subsidies and cut tax rates.
The food security act is a perfect example.
For growth to revive, anti-competition and pro rent-seeking systems will need to change, as in the financial markets.
Law-abiding NGOs, foreign or domestic, are an asset to society as they enlarge the debate through research and advocacy.
The budget could be a joy to behold. For the first time ever, the government will have no excuses for business as usual, sloppiness, inaction and bad behaviour.
The effective corporate tax rate in India is identical to the stated 30 per cent rate. This has killed corporations and the economy.
One responsibility that comes with an overwhelming electoral mandate is a commitment to structural change in the economy.
This Lok Sabha election was a structural break for India as its voters comprehensively rejected their Nehru-Gandhi past.
Election 2014 likely signals the end of the longest running political dynasty in the world.
The intelligent Indian voter has responded to Modi’s charms. If he had not been the BJP’s PM candidate, the instability feared by all would have become a nightmarish reality.
The rebuttal of the Gujarat model relies on flawed analysis and obfuscation.
If opinion polls are right, question that will need answering is, ‘How can Congress go from hero to zero in just five years?’
Next time intellectuals complain about Gujarat, can they provide some evidence?
Whether it is female infanticide or mortality, education or various health indicators, Modi’s Gujarat has done quite well.