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Op-ed

Op-ed February 21, 2023

Opinion | January’s inflation data served us a reminder of RBI’s challenge

By Dr. Niranjan Rajadhyaksha

The sticker shock in January may well be a temporary blip because of higher cereal prices, or it could be a lesson in the fact that disinflation is rarely a neatly linear process. There will be reversals.

Op-ed February 8, 2023

Opinion | India must reduce its public debt ratio to build economic resilience

By Dr. Niranjan Rajadhyaksha

First, the interest costs of servicing this public debt leave the government with less money to spend on essential items such as infrastructure, the green transition, welfare programmes, defence and social security.

Op-ed February 2, 2023

Opinion | Sitharaman has managed to pull off a balancing act

By Dr. Niranjan Rajadhyaksha

The budget does well to stabilize public finances without letting the economic recovery suffer

Op-ed January 25, 2023

Opinion | The budget must balance growth and public debt

By Dr. Niranjan Rajadhyaksha

Two themes provide the backdrop of fiscal policy since July 2019.

Op-ed January 10, 2023

Opinion | India will face especially complex challenges next fiscal year

By Dr. Niranjan Rajadhyaksha

There are three ways to assess where the Indian economy stands right now in comparison to its position the year before the pandemic struck.

Op-ed December 27, 2022

Opinion | The broad mission of economics must not get lost in daily routines

By Dr. Niranjan Rajadhyaksha

Niranjan Rajadhyaksha on three books that reimagine an economy in the service of human freedom.

Op-ed December 13, 2022

Opinion | India’s experiment with e-rupee will yield demand side learnings

By Dr. Niranjan Rajadhyaksha

The Reserve Bank of India has launched two variants of a digital rupee on an experimental basis—for wholesale transactions between banks and for retail transactions within the private sector.

Op-ed December 5, 2022

Book review | ‘South vs North’: Are north and south India frenemies?

By Saurabh Modi

South India’s resentment for northern states comes from losing control over resources due to population divergence and centralised government, as shown by Nilakantan RS in his new book ‘South vs North: India’s Great Divide

Op-ed November 29, 2022

Opinion | China’s economy is undergoing a profound structural slowdown

By Dr. Niranjan Rajadhyaksha

The ongoing protests in China against the Xi Jinping’s zero-covid policies has also put the spotlight on Beijing’s slowing economy, writes Niranjan Rajadhyaksha in Mint.

Op-ed November 15, 2022

Opinion | Why the monetary policy committee should slow its pace of tightening

By Dr. Niranjan Rajadhyaksha

Comparisons with targets and past 10-year averages show inflation in India is less of an outlier than in many rich economies. The MPC needs to figure out whether it wants to use the interest rate solely to target inflation.

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