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The Indian economy has been slowing down for five quarters now.
Proven to be the best engines for job creation, new and smaller enterprises are India's answer to rising unemployment and a burgeoning youth population.
To boost growth, the government, on Friday, decided to risk the only engine of the tax system that has performed lately — corporate tax.
Due to its expansive role, the Reserve Bank of India (RBI) is a site of many conflicts.
Today, independent regulators govern large sectors of the Indian economy, from financial markets and airports to telecom and electricity utility companies.
This week marks the seventy-fifth anniversary of the United Nations Monetary Conference held at Bretton Woods, New Hampshire.
On July 5, Finance Minister Nirmala Sitharaman presented the union budget for the year 2019-20. In order to go beyond individual pointers and discern the larger policy implications, it is necessary to take a broader view of the budget and see how it will place the Indian economy in the months and years to come.
A great deal is expected from the first budget of any government. The expectations are even greater from a government that has come back to power with an improved tally.
The Indian budget is such a big deal because it combines the exercise of many powers. Among them, the power to run deficits is special.
An important task for the Narendra Modi government in its second term will be to improve the ease of doing business on two counts—contract enforcement and property registration.
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