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Op-ed

Op-ed March 11, 2026

Opinion | Hormuz is just one of many chokepoints that are pushing countries to rethink economic strategy

By Dr. Niranjan Rajadhyaksha

As geopolitical rivalry intensifies, countries are increasingly weaponizing global chokepoints—from shipping routes to technology and minerals—forcing others to rethink economic strategy and balance interdependence with security.

Op-ed February 11, 2026

Opinion | What monetary policy gains from a reset inflation gauge: It’ll better reflect consumption patterns

By Dr. Niranjan Rajadhyaksha

A new consumer price index will reshape how inflation is measured in India—an update with important consequences for interest rates and the broader economy.

Op-ed February 2, 2026

Opinion | Balancing capex and deficits in an era of coconuts, factories and high-speed trains

By Dr. Niranjan Rajadhyaksha

India’s Union Budget 2026 maintains fiscal discipline while signalling a strategic push towards domestic capacity, infrastructure, and long-term growth in an uncertain global context.

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.

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