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Op-ed

Op-ed March 21, 2023

Opinion | Do not let increasing heatwaves sap worker productivity in India

By Dr. Niranjan Rajadhyaksha

The heatwave that rippled across India earlier this month had not just left us sweltering, but also sparked fears that the winter crop could wilt because of rising temperatures.

Op-ed March 20, 2023

Book Review | ‘Land is a Big Deal’ The worth of land value tax

Saurabh Modi reviews the book ‘Land is a Big Deal: Why rent is too high, wages too low, and what we can do about it,’ and its proposal to levy a land value tax to make housing more affordable

Op-ed March 9, 2023

Opinion | Industrial policy learnings from a Soviet model versus Japanese

By Dr. Niranjan Rajadhyaksha

It had an interesting headline ‘The Return of the Policy That Shall Not Be Named: The Principles of Industrial Policy’. There is now growing evidence that Lord Voldemort is back.

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.

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