If India is to become a major trading nation, it must adopt a positive trade policy agenda, adjust to global trade standards, and boost its manufacturing sector.
Without a deeper and dynamic three-way engagement between politics, business and science, India might find itself losing ground in the new era of de-globalization and technological transformation.
An India that grows its domestic capabilities will be in a better position to address American concerns about jobs at home and benefit in turn from the current U.S. lead in most advanced technologies like robotics, artificial intelligence, and biotechnology.
India needs to think about what matters to it both economically and politically. It must be able to turn adversity into opportunity.
The 2017 budget offers a concerted effort to strengthen the structural underpinnings of the digital economy, in order to incentivize a bigger uptake of digital payments.
Budgets can never be made in isolation without thinking of their political benefits.
While the reforms to political finance announced as part of the India’s 2017 Budget are a step in the right direction, they will do little to change the reality of non-transparent political funding.
As the universal basic income discussion evolves, it is imperative that policymakers deliberate upon the research on cash transfers, the administrative muscle required to disburse benefits across the land, and the contextual factors driving the revealed preferences of the poor.
Despite India’s impressive economic growth rates in the mid-2000s, the long-term magnitude and sustainability of this progress remains uncertain.
As one of the world’s oldest civilizations whose comprehensive national power has rapidly risen, China has the right to play a leading role in shaping the global order. Beijing’s current unilateralism, however, is likely to limit China’s global possibilities.