It was the pivot of a political economy strategy of the 1970s—when economic growth barely outpaced population growth.

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. 

How can India put in place policy reforms to raise GDP growth without creating macroeconomic instability?

This is an opportune time to revisit the 2-4-6-8 framework that sets economic targets for achieving sustained high growth.

The country’s current macroeconomic indicators should not cause any alarm but the economy’s direction is worrisome.

The frequent churn in the Sensex is as much a testament to the dynamic nature of the Indian economy as the decline of a once-dominant airline, Jet Airways, which suspended operations last week.

The increased use of seigniorage in an inflation-targeting regime is likely to be self-defeating.

The current combination of benign inflation as well as slower economic growth means that there is no reason at all for the MPC to increase rates this week.

None of the contemporary debate would have been possible without the googly that Milton Friedman and Edmund Phelps threw at the economics profession.

Tariff hikes in the Union Budget 2018-19 reflects an erroneously mercantilist mindset