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IT remains a genuine confusion as to whether invoking “escape clause” to deviate from the fiscal consolidation path is in response to the unanticipated outcome of structural policy announcements or whether it is for increasing capital spending.
Economists often push the idea that strict adherence to fiscal rules is ...
Why India is attracting FDI
04/02/2020
(Coauthored with Lekha Chakraborty)
India gained by 16% in terms of FDI inflows, from $42 billion to $49 billion, holding its position amongst top 10 FDI inflow-host countries. This is when the global FDI remained almost flat in 2019, at $1.39 trillion
In the World Economic Outlook ...
Strap: It recognises that the medium-term fiscal arithmetic does not afford space for expansionary fiscal policy
In my column on the FY20 Budget (A silent fiscal crisis, July 5, 2019), I had warned that the government faced a structural fiscal constraint that was concealed by using incorrectly optimistic numbers ...
From fiscal goals and meaningful allocations to boosting growth and being accountable, Budget 2020 provides the opportunity for a new narrative.
Unlike earlier years, the ‘economics of the government’ is no longer exclusively revealed on Union budget day, where the finance minister would announce new economic policies and schemes ...
(Coauthored with Lekha Chakraboty)
Estimating the buoyancy of own tax revenue and its important components for Himachal Pradesh for the period 1980 to 2017.
Himachal Pradesh was ranked second amongst all the states and Union territories of India, with a score of 69, in the composite score published ...