Writing in The New Indian Express, Shankkar Aiyar outlines an assortment of policy ideas for the Indian economy looking forward into 2020.
Below, some excerpts:
"For years governments have been chanting the mantra of monetising assets. The fact though is that there is no ready reckoner of the potential. The government is sitting on assets — idle land and public sector enterprises for instance. The first step to realisation is recognition and it is time the government presents before Parliament the volume and value of assets to monetise them."
"In India’s confounding quasi federal structure the phrase ‘autonomy’ is frequently weaponised but sadly accountability is not! The circumstance demands the attention of the 15th Finance Commission. Ear-marking the entire devolution into silos may trigger volatile politics. But nothing reasonable stops the Commission from linking additional devolution to specific use. Why not proscribe diversion of funds meant for human development by placing them in a use specified escrow account — from which states can draw on submission of human development objectives and outcomes."
Read the full article here.