Opinion: Chetana Chaudhuri and Sanjib Pohit . A focus on MSMEs as job creators is needed. Their problems with GST and credit need to resolved. Recently, Arvind Panagariya, the Chairman of the Finance Commission, expressed his view that employment challenge is on account of the country not being able to generate employment in labor-intensive sectors....   Read More

Opinion: Souryabrata Mohapatra. The long road ahead to meaningful energy transition. From bringing the power sector under GST with low rates to government support for MSMEs in the renewable energy space, a lot remains to be done The impact of climate change is unmistakable, as seen in the rising number of heat-related illnesses and deaths...   Read More

Opinion: Udaibir Das. From foundational reforms to progressive milestones.  Since the pivotal economic reforms in 1978, China has strived to mould its financial sector to meet macroeconomic, social welfare and stability objectives. However, the outcomes have been mixed, leaving the country to experiment with various approaches. Marked by results often falling short of expectations, China...   Read More

Opinion: Shekhar Aiyar. Westerners worried about growing disparities at home shouldn’t overlook the transformative effect of liberalization in India and China. Imagine that across the length and breadth of America, working-class wages grew much faster than the incomes of millionaires. Rustbelt states started catching up with their more prosperous coastal counterparts. But these developments came...   Read More

Opinion: Souryabrata Mohapatra and Sanjib Pohit. Key challenges are efficient utilisation of allocated funds, timely completion of projects, and a balance between urban and rural development. India’s ambitious vision to achieve developed nation status by 2047 hinges on a transformative journey through infrastructure development. This journey is not merely about constructing highways or erecting skyscrapers;...   Read More

Opinion: UdaiBir Das. The UK’s newly minted National Wealth Fund (NWF) stands not merely as a state-owned financial entity but as a beacon of hope amidst climate challenges. Its mission: To secure a lasting reservoir of funding for climate resilience and sustainable economic growth. Much like a lighthouse, this state-owned investment fund promises to inspire...   Read More

Opinion: Saurabh Bandyopadhyay, Jigisha Sharma and Shalini Aggarwal. The Union Budget 2024-25 increased the allocation of agriculture by 4.6%, i.e., Rs 1,32,469.9 crore from Rs 1,26,665.6 crore in the Revised Estimates (RE) of 2023-24. However, if we include allocation for the allied sector as well, the total allocation becomes Rs 1,39,607.5 crore.  Agriculture is considered backbone...   Read More

Opinion: Souryabrata Mohapatra. A more equitable and sustainable strategy is needed – one that recognises the interconnected nature of climate, development, and consumption. India, the world’s third-largest emitter of greenhouse gases, finds itself at the crossroads of development and environmental sustainability. The global approach to climate change, heavily focused on reducing carbon emissions through renewable...   Read More

Opinion: Poonam Gupta. In September this year, India will complete 8 years since it implemented Inflation Targeting (IT). Consistent with the experience of other countries, in India too, IT has been credited with improved outcomes: gentler and less volatile headline inflation; anchored inflationary expectations; improved communication and transparency; enhanced transmission of monetary policy; greater independence...   Read More

Opinion: Souryabrata Mohapatra. Our climate vision demands a radical rethink: Balancing growth with sustainability while challenging global norms and pushing for equitable solutions. India, the world’s third-largest emitter of greenhouse gases, finds itself at the crossroads of development and environmental sustainability. The global approach to climate change, heavily focused on reducing carbon emissions through renewable...   Read More