To understand India’s jobs crisis, which is more nuanced than politicians make it out to be, we need reliable data. No such luck.
The RBI is supposed to maintain ‘price stability’ and ‘monetary stability’. The problem is that only one of those terms is properly defined.
IL&FS should shut down, with only counterparties taking losses, not taxpayers. Alas, this is not going to happen.
There isn’t anything inherently wrong in a rising or falling rupee. The state should not intervene.
If accurate economic data was available in a timely and accessible way, India would benefit enormously. Bureaucratic lethargy and arrogance stand in the way.
The government ensures credit to farmers with the best intentions. But they lead to horrible outcomes.
We should change the way taxes are distributed to our states. We need to fix the incentives, and align performance with revenues. Here’s how it can work.