Op-Eds

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 remains wary of...   Read More

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 with a caveat:...   Read More

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; it is about building the backbone...   Read More

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 confidence in the...   Read More

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 of the economy, with a little over 18%...   Read More

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 energy adoption, overlooks...   Read More

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 of the central...   Read More

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 energy adoption, overlooks...   Read More

India stands out as a beacon of hope, demonstrating unwavering commitment through innovative climate initiatives and sustainable practices. This year’s record spell of an intense heatwave in Delhi, during which temperatures touched 50°C, highlighted concerns over the adverse effects of climate change globally. India remains a beacon of hope through its actions as part of...   Read More

India proved that development is the best contraceptive. Now, we need to focus on adapting to the demographic destiny through careful planning. We’ve made the right choices, the next step is fixing the pieces of the population puzzle. There is often a gap between public posturing and private reality. This disconnect in the context of...   Read More