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Thursday, July 07, 2022

Amartya Lahiri

The writer is professor of economics, Royal Bank research professor and Johal Chair, University of British Columbia, Canada

Budget must undo Covid damage
Fri, Jan 28, 2022

🔴 Amartya Lahiri writes: Welfarist direction must continue. Economic revival will require transformative thinking from finance minister

Farm bills may be repealed, but farmers will still need help
Fri, Nov 26, 2021

Amartya Lahiri writes: Failure of manufacturing to absorb surplus agricultural labour has meant that farmers remain tied to land even when it doesn’t yield much

Tarak Sinha, one of India’s best cricket coaches, deserved more recognition
Thu, Nov 11, 2021

Amartya Lahiri writes: The relative lack of greater demand for his expertise did have a silver lining. It left him with more time to obsess about his club and students. And they were all much richer for it

National Monetisation Pipeline shows promise — and limits
Sun, Sep 19, 2021

Amartya Lahiri writes: Government must address the low revenue potential and efficiency hurdles that could trip up its asset monetisation plan.

As Indian economy heads towards an uncertain but pivotal moment, growth is the only answer
Fri, Aug 13, 2021

Amartya Lahiri writes: In its absence, relying on redistribution to fight poverty only guarantees a lot of poor people

State should do its duty towards citizens, not interfere in their economic lives
Mon, Jul 26, 2021

Amartya Lahiri writes: State’s response to its own failure to deliver public services on schooling or health is to mandate the private sector to provide them under threat of penalties and accept the resultant expense as the cost of doing business in India

On economic growth, there is much we can learn from our past and from Pakistan
Sat, Nov 21, 2020

The 73 years of post-Independence India has generated a lot of evidence across different political-economic regimes. This period has also provided us with the contrasting experiences of India and Pakistan, two countries that share history, geography and socio-cultural mores.

Dilution of efficiency-based principles has implications for all borrowers, not just the chronically unhealthy
Wed, Oct 14, 2020

Amartya Lahiri writes: The dilution of efficiency-based principles for banking has implications for all borrowers, not just the chronically unhealthy.

Covid-19 could do for the biomedical industry what the Y2K scare did for Indian IT sector
Thu, May 21, 2020

Ubiquitous testing will likely be a worldwide phenomenon over the next year or two. If Indian businesses can respond to the challenge by quickly building capacity to produce relatively cheap testing kits, this could spark a boom in the biomedical industry.

Economic Survey seems to be short on suggesting immediate ways out of the economic mess
Sat, Feb 01, 2020

One reason why infrastructure investment in India ran into problems was the anaemic growth in sectors that would have been the main source of demand for infrastructure.

Impression that government prioritises non-economic agenda over development must be addressed
Thu, Jan 16, 2020

So where will the jobs come from? The job creators are entrepreneurs, conglomerates, and multinationals. It is in their nature to take investment risks as long as the returns are high enough.

Economic slowdown may be structural, not cyclical. It calls for removal of long-term reform
Sat, Oct 12, 2019

The government would also do well to revisit the appointments process to key technical and regulatory bodies. Functions like monetary policy, banking supervision, data collection and dissemination, audit of government financial accounts, are all technical jobs.

A recipe for growth
Sat, Jun 01, 2019

India should learn from its past, and speed up critical reforms

New government at Centre should focus on land and labour reforms
Fri, May 24, 2019

The scale of India’s development challenge is immense. The country needs to play the long game and it needs to start now. There is no time to lose. Hopefully, the renewed mandate will give the Modi government the political will and space to pursue overdue land and labour reforms.

Competitive populism threatens to undo the gains of economic reforms
Mon, Apr 29, 2019

To sustain its growth story, India now desperately needs a next generation of reforms. Amongst the most important ones are land and labour reforms to encourage manufacturing to scale up

India has to send out unequivocal signals that it’s a reliable trade partner that wants to become part of global supply chain
Sat, Mar 16, 2019

US move to withdraw privileges provides an opportunity for India to introspect on the general state of its exports.

Square pegs, round holes
Thu, Feb 07, 2019

Possibly the most problematic aspect of evaluating the budget is the opaqueness of the underlying data.

Legislating payments out of RBI’s excess capital could compromise its independence
Wed, Jan 23, 2019

Putting a part of the country’s assets in a protected entity like the central bank builds fiscal credibility of the country as long as the central bank is viewed by markets as being independent of the government.

Lost opportunity
Wed, Dec 05, 2018

India missed the chance to usher in second generation reforms and free up private enterprise

Bank and its critics
Sat, Nov 10, 2018

RBI has a more coherent case on capital base, performance and autonomy than its critics. Central banks need to be adequately capitalised in order to perform their core functions which include being the lender of last resort for the banking system.

A discredited playbook
Fri, Oct 12, 2018

Move to impose barriers on imports to manage the current account deficit is a throwback to the licence raj. We need to focus on the systemic issues pulling down productivity in export sectors.

Cut the confusion
Sat, Jan 20, 2018

RBI has been accommodative: Just compare the real interest rate with the ‘natural’ rate

High costs, meagre gains
Tue, Jan 10, 2017

Far from curbing black money and corruption, demonetisation has disrupted the economy.

Don’t blame MSP for inflation
Tue, Oct 07, 2014

Ill-thought-out assertions about the efficacy of monetary policy can unhinge private expectations of inflation.