The writer is professor, Department of Economics, University of Warwick, UK
There were complex and conflicting demands on the budget. It resisted the temptation to take the blatantly populist route.
The Planning Commission has increasingly become an anachronistic behemoth, although it did play a crucial role in the initial years.
The PPP approach, for instance, hasn’t taken off in India so far. How can that be remedied?
The UPA has done well to bring rights-based social welfare schemes to the forefront.
Using the Rajan index to fix allocations will distort states incentives
New RBI governor must change policy. Government must also get its act together.
What caused the steep fall in poverty reported by the Planning Commission? The evidence is mixed
A shale oil and gas revolution will lower energy costs,rearrange global geopolitical equations
An insistence on uniformity and a mechanical imposition of rules are weakening the university system
As regional parties demand radical changes for greater fiscal decentralisation
In this economic,political climate,the budget couldnt have announced big bang reforms