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.
Predatory pricing can benefit consumers in the short run. Regulators are however cautious of such pricing strategies because of the ominous possibility that the winner of the pricing wars will eliminate all competition.
In sectors such as mobility, health care, energy, and agriculture, disruptive solutions are important, but even more important is the consumer need for multiple solutions and fair competition, and respect for privacy and security concerns.
Portugal and India have an opportunity to revive their legacy of cooperation and explore its economic potential in the 21st century and strategically couch their relationship in the context of the Portuguese-speaking countries.
As a rising China challenges American primacy in Asia, navigating between Beijing and Washington is a major strategic challenge for India.
Until now, India’s strategy has been to globalize at its own pace and resist Western pressures for sweeping reform. If the West turns against globalization, New Delhi will need a lot of new thinking on post-reform economic strategy.