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Political limits to India’s growth trajectory
The Indian economy’s growth rate, above 6 percent at present, makes India the envy of most of the world. But to those who know India, growth rates below 7 percent are a sore disappointment. India...
View ArticleIndia’s smart foreign exchange reserves policy
The Indian currency has been under pressure for the past few months, having lost 13 percent since February. Earlier this week, it hit an all-time low of 56 rupees to the dollar in intraday trading....
View ArticleElection season in India
India’s upcoming national elections, will determine who wins the office of prime minister — the pinnacle of Indian political power. The outcome of the election is completely uncertain, with nearly 10...
View ArticleU.S. monetary policy and the debate about the other Indian IT
India’s powerhouse information technology firms have nothing to do with the argument among Indian economists about the merits of IT. Rather, the Reserve Bank of India (RBI) recently proposed...
View ArticleIndia’s Ministry of Finance and the benefits of losing
The past few months have seen extraordinary progress in financial sector reform in India. Not all reforms will reach fruition before the next government is formed at the end of May. However, there is...
View ArticleFive questions: Why the world is watching India’s new PM
Narendra Modi was sworn in as India’s new prime minister on Monday, a little over a week after a landslide victory at the polls. The resounding win gives Modi much greater freedom to implement his...
View ArticleBRICS bank: Not yet fully baked
The new BRICS bank announced this week displays the emerging economies’ desire to move away from Washington-style lending institutions. But between Indian bureaucrats loathe to make decisions and...
View ArticleGo big: Advice for India’s budget proposals
India needs to upset the apple cart. The nation needs double-digit growth in order to attack poverty in a meaningful way. The present government system deeply forms the present economic structure and...
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