April 22, 2020
Opinion | This crisis could rip apart the usual macro policy playbook
If India sees a weak economic recovery after COVID19, it calls for painful policy options like fiscal austerity, financial repression, higher inflation, and higher tax rates. Extraordinary times lead to a radical departure from the standard macroecon...
December 04, 2019
Opinion | Time for the orchestrated use of three different economic levers
A nuanced combination of lower interest rates, fiscal expansion and a cheaper rupee could help India’s economy recover.
November 19, 2019
Opinion | What the iPod can teach us about the global trade game
Insights into international trade dynamics and what this could mean for policy makers in India, when supply chains in China are set to move.
October 22, 2019
Opinion | What a look at the long waves of India’s credit cycle could tell us
Writing for Mint, Niranjan Rajadhyaksha takes a look at India's current credit cycle from a long term perspective. He notes that the gap between bank credit and nominal GDP points to broader concerns about domestic savings rates.
September 27, 2019
Aim for a lower cost of capital to gain from global trade shifts
The case for a GST cut is stronger than an income tax cut, although we need comprehensive tax reforms in the years ahead.
August 14, 2019
The great growth story of China awaits a modern-age epilogue
With China in the midst of a profound change in its economic model, India needs to work out how to make the most of it.
July 31, 2019
Opinion | The slump that threatens to hold the economy to ransom
The fall in the Indian savings rate even as its demographic profile improves is a puzzle that calls for research attention.
July 24, 2019
The rationale of the central bank’s mandate on inflation
The debate that should begin is whether RBI’s current mandate should continue after 2021 or there is a case for a fresh look.
July 17, 2019
The 1969 bank nationalization did India more harm than good
It was the pivot of a political economy strategy of the 1970s—when economic growth barely outpaced population growth.
July 15, 2019
Free market politics, defection economics
The only homage paid to virtue, Lord Byron once said, is hypocrisy. The Indian political class has internalised this in letter and in spirit. Every party has a stance on defection and the stand depends on where they sit.