The new Rs 99,446 crore incentive to create 35 million new jobs in the formal sector over two years pins too much hope on big companies.
Not only India's relief packages are grossly inadequate it is not even spending enough to revive demand in the crisis-hit economy; what is needed is clear: more fiscal spending, not "keeping the power...
The Bombay Plan, authored by the doyens of industry in 1944 first envisioned state planning, state ownership and control of industries to make India "self-sufficient" long before Nehru's ideas took ro...
Persistent negative growth in rural wages and soaring corporate profits accompanied by job and wage cuts demonstrate a clear disconnect between growth/profits and wellbeing of ordinary Indians
India needs to collect and declare credible data on stressed assets, identify sectors and companies where these are accumulated and be transparent in insolvency resolution before jumping to a new mech...
RBI's database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy
At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governan...
Little attention to direct income support, health and education deprivations, and revival of small businesses will keep the demand and production of goods and services depressed in FY22
India has no data on jobs lost and businesses shut; no estimate of how many would have slipped into poverty or how income, health and education inequalities would have risen due to the pandemic. How w...
For people to benefit, the budget needs overhauling to create jobs; revive small businesses; address poverty and health and education deprivations. Pursuing the existing paradigm of growth may push GD...
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