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Op-ed

Op-ed January 27, 2026

Opinion | The Centre’s debt-control strategy will be tested by uncertain nominal growth and new demands

By Dr. Niranjan Rajadhyaksha

The finance minister will unveil her first budget under a new debt-control strategy just as spending priorities multiply and nominal growth turns uncertain. With limited fiscal room and looming global risks, hard choices will have to be made.

Op-ed January 13, 2026

Opinion | India’s real economic growth looks healthy but fiscal space will shrink unless its nominal pace picks up

By Dr. Niranjan Rajadhyaksha

India’s real growth remains robust, but weak nominal GDP growth could limit the government’s fiscal flexibility as it seeks to reduce public debt.

Op-ed December 16, 2025

Opinion | Better data governance can help states improve welfare delivery

By Sridhar Ganapathy

States can learn from each other’s experiences of operationalising various data exchange mechanisms in the past.

Op-ed December 16, 2025

Opinion | Trade doesn’t always promote peace: What could go wrong was observed and outlined 80 years ago

By Dr. Niranjan Rajadhyaksha

Trade can entangle as much as it can integrate. A 1945 classic explains why asymmetric trade ties may undermine sovereignty in today’s turbulent global order.

Op-ed December 12, 2025

Inside the UPI decade: How a cash-first nation learned to pay differently

By Nikita Kwatra, Khushi Baldota & Anushri Pundit

UPI’s greatest unrealised potential lies not just in bringing the next 250 million users into the system, but in deepening what participation enables.

Op-ed December 2, 2025

Opinion | India is easing its regulatory burden on businesses, but the battle against its inspector raj will be hard fought

By Dr. Niranjan Rajadhyaksha

India is finally cutting back onerous regulations, but overcoming the inspector raj will require deeper, faster reform to unlock true economic freedom for businesses.

Op-ed November 18, 2025

Opinion | Strong growth with macro stability: Is India’s economy on an impressive new path?

By Dr. Niranjan Rajadhyaksha

India’s recent mix of fast growth and macro stability looks promising—but its durability will depend on deeper structural improvements.

Op-ed November 6, 2025

Opinion | As UN climate talks approach, it’s innovation that we should bet on for an energy transition

By Dr. Niranjan Rajadhyaksha

While CoP-30 at Belém will have another round of global climate deliberations, it’s the world’s innovators—public and private—we must rely on to rewrite the script.

Op-ed October 16, 2025

Opinion | From Industrial Revolution to China’s rise: 2025 Economics Nobel winner reveals secret to growth

By Dr. Niranjan Rajadhyaksha

Joel Mokyr, the 2025 Nobel Laureate, argues that sustained economic growth—from the Industrial Revolution to China’s industrial success—relies on a powerful synergy.

Op-ed September 19, 2025

Opinion | The comeback of industrial policy—and what it means for capital flows

By Dr. Niranjan Rajadhyaksha

Given its rising popularity, it is important to examine it through a critical lens. Much depends on how industrial policy is crafted. The tale of Korea’s Hyundai versus Malaysia’s Proton offers a lesson.

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