Jumle is an associate at Ikigai Law, New Delhi
If the government intends to use forex reserves as an emergency fund, it should ensure that they do not shrink just when they are most needed.
Governments across the world resort to privatisation to fill budgetary gaps. But revenue from privatisation is a one-off benefit and generally, only profit-making units are sold at a good price.
In the long run, if the Taliban are back in Kabul, India’s infrastructure investments in Afghanistan will be at the risk of being seized. Besides, New Delhi will lose a friendly government in Kabul. Worse, Islamabad’s close partners may be in office once again.
It is very likely that India is now taking the side of the US against Iran, with the blessings of Israel and Saudi Arabia which is becoming an important partner and investor along with the UAE. In this context, Iran may turn to China more actively.
Why has Make in India failed to deliver? First, a large fraction of the Indian FDI is neither foreign nor direct but comes from Mauritius-based shell companies. Second, the productivity of Indian factories is low.
India’s employment crisis calls for more government expenditure in education, adequate training.
India’s gameplan in Iran-Afghanistan has been damaged because of the Trump administration’s strategy