Indian Economy

Op-ed January 8, 2025

Opinion | India’s central bank should lead the policy easing cycle that its economy needs

Indian macro policy has been tight at a time when domestic demand from households, firms and the government shows signs of weaknesses.

Op-ed July 22, 2024

Opinion | From PDS to police, the state has to find better ways to ally with its citizens

By Dr. Niranjan Rajadhyaksha

Niranjan Rajadhyaksha advocates for a more balanced federal design across the three tiers of the Indian state and emphasises the need for significant tax reforms to improve India’s spending abilities in the coming decades.

Op-ed April 19, 2023

Opinion | Tax trends suggest India may be close to a fiscal inflection point

By Dr. Niranjan Rajadhyaksha

Tax collections have outpaced growth in India’s underlying economy for two years in a row now. This can have profound implications for the fiscal foundation of the Indian state in case the trend can be sustained over the rest of this decade.

Op-ed April 5, 2023

Opinion | India’s post-pandemic potential growth could be pushed higher

By Dr. Niranjan Rajadhyaksha

The economic recovery around the world has been uneven. India has managed to avoid the inflationary surge that many rich countries are battling as well as the balance-of-payments crises that have brought many of our neighbours to their knees.

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 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.

Opinion | India’s central bank should lead the policy easing cycle that its economy needs

Opinion | From PDS to police, the state has to find better ways to ally with its citizens

Opinion | Tax trends suggest India may be close to a fiscal inflection point

Opinion | India’s post-pandemic potential growth could be pushed higher

Opinion | India will face especially complex challenges next fiscal year

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

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