The Economic Times

Budget needs to be aligned towards bolstering long-term rural credit policy

January 19th, 2016|Categories: Newspaper, The Economic Times|Tags: |

While the last decade’s fiscal Budgets were rhetorically pronounced as pro-poor, the Asian Development Bank’s social protection index (SPI) has ranked India 23rd in social protection across Asia-Pacific countries, with its spending at 1.7% of GDP. China, ranked 12th, spent 5.4% of its GDP on such measures. Even Mongolia had a better figure of 9.6%

India’s idiosyncratic air traffic policies wing clippers for aviation growth

October 14th, 2015|Categories: Newspaper, The Economic Times|Tags: |

Just eight years after the Wright Brothers’ Kitty Hawk ‘hop’ flights in December 1903, the first aircraft flew over Indian airspace, followed quickly by mail services and passenger air services. Air India flew its first international flight to London in 1948, with nine airlines operating by the 1950s. The 1953 Air Corporation Act subsumed these

To protect itself from scams, India desperately needs to upgrade its consumer protection laws

July 14th, 2015|Categories: Newspaper, The Economic Times|Tags: |

Emu farming in Tamil Nadu in 2013 was always a Ponzi scheme. First introduced by Susi Emu Farms, the scheme promised a 100% return, along with the deposit within two years, for an initial deposit of Rs 1.5 lakh for rearing emus. VIP schemes offered better returns, and regular annuity payments. Soon, hundreds of firms

India’s foreign policy must continue to move past the parochial

May 14th, 2015|Categories: Newspaper, The Economic Times|Tags: |

Over the past year, India’s foreign policy has reflected pragmatic realpolitik while maintaining deliberative continuity. Our strategy remains rhetorically threefold: improving India’s relationships in South Asia, attracting significant foreign direct investment (FDI) in infrastructure, and positioning India as agreat power. India needs to flesh out this pursuit, deepening democracy and maintaining strategic autonomy through a

India’s Youth Policy

March 20th, 2015|Categories: Newspaper, The Economic Times|Tags: |

About 46 million, 20%, of India’s youth, are unemployed. Of this, 32% of all graduate youth are unemployed. 300 million youth will enter the labour force by 2025, while jobs remain sparse. Protest movements in 2011/2012, from Tahrir Square to Ram Lila Maidan and Occupy Wall Street, focused youthful discontent at the lack of opportunities

Go Beyond Power Politics

November 21st, 2014|Categories: Newspaper, The Economic Times|Tags: |

India is structurally short of electricity. Power pricing is fundamentally disconnected, with retail tariffs significantly lower than the cost of production. Electricity losses, due to theft and illegal connections, account for more than 25% of power generated in India. Massive state electricity board bailouts have resulted in higher losses, mostly borne by public sector banks.

Governance should build compliance with global environmental, social & human rights standards

March 20th, 2014|Categories: Newspaper, The Economic Times|Tags: |

Mining is risky business. Whether coal, iron or thorium, headlines scream about unaccounted losses. While fraught with special interests, resource allocation is a natural part of any emerging economy's journey to middle-income status. Non-renewable resource extraction hits pay dirt quickly, generating exports, inward investment and government revenues. Governance should build compliance with global environmental, social

Interim Budget 2014: FM has written the obituary on a decade of fiscal mismanagement

February 18th, 2014|Categories: Newspaper, The Economic Times|Tags: |

The "farewell Budget" was revealed on Monday, an elegy to a decade of populist patronage. The finance minister expounded on his efforts to conduct fiscal consolidation, ensure price stability and revive growth. He also wrote the obituary on a decade of fiscal mismanagement. India is a complicated economy, affected by an idiosyncratic logistical system and

Fix this Financial System

December 3rd, 2013|Categories: Newspaper, The Economic Times|Tags: |

India's financial system is shallow, promoting inequality. This financial system requires reform, increasing access for the under-banked and small and medium enterprises. We require stable policies from independent regulators that promote low inflation, greater financial access and more liquidity. Growth is catalysed by systemic depth. Our financial regulators desire independence and institutional support. Today, work