November 21, 2018
World War I: a turning point for the Indian economy
The extraordinary profits earned during World War I provided the initial capital for several Indian industrial groups that would become dominant in the years to independence
October 24, 2018
The investment cycle has finally begun to turn
There are reasons to believe that a cyclical recovery is underway but the larger structural decline in the investment rate has not yet been addressed
October 08, 2018
Is the rupee undervalued or is it overvalued?
The Indian currency appears fairly valued if one looks at price levels on the one hand and average purchasing power parity income levels on the other
October 03, 2018
A $75 billion question for Indian policy makers
More than $75 billion of foreign savings will be needed to fund the estimated current account deficit for the fiscal year that will end in March 2019
September 03, 2018
Repetitive Rhetoric and Raging Rupee
The journey from systemic somnolence to stated “concern” to panic depends on the velocity of volatility and the momentum of events.
July 30, 2018
Is India living through a new ‘gilded age’?
Economic growth is not quite as white hot as it was during the heyday of the previous government, but India remains the world’s fastest-growing major economy
June 25, 2018
MW woes: India needs a national discom
The moot point is that no economy has progressed without fixing energy security.
March 14, 2018
WhatsApps for India from Maharashtra
The issues embedded in Maharashtra’s Economic Survey have a national resonance. It is verily a WhatsApp message for India.
September 19, 2017
Seductive Economics: The Theory That 2017 Is Like 2002
Comparison of 2002 Indian economy to that of the present.
August 17, 2017
India's Tax Reform
The GST Is an Important, Limited First Step