Excerpts from the transcript of Raghuram Rajan’s lecture at the Watson Institute for International and Public Affairs, Brown University, U.S., on October 16: We are in a very worrisome place in India today. Growth has slowed considerably, the fiscal deficit is large, leaving little room to do something about growth, and there’s rising debt levels … More India is losing its economic way: Growth is significantly lower, debt and distress are growing

By Sunanda Sen* That the Indian economy is currently experiencing a slowdown  is more than evident, both with the deliberations in different private circles and with official statements signalling a series of remedial measures , mostly focussed on the ailing financial sector! However, as we point out, the ailing Indian economy has concerns that go beyond flagging … More Indian economy is in need of alternative action to revive investment, employment, social goals

By Shankar Sharma* While addressing chief ministers of the states in July 2019, Prime Minister Narendra Modi was reported as having said that he wanted India to be a “$5 trillion economy” by 2024. This means roughly doubling of the size of our economy in 5 years. As a part of the efforts to accelerate … More A high GDP growth rate based economy in the context of unacceptable levels of pollution

By Aarti Mangal The draft of New Education Policy (DNEP), along with revamping the higher education, has also made significant changes in the school education system. On the one hand, the recommendation to include  Early Childhood Care and Education (ECCE) under free and compulsory education is laudable if it is implemented effectively in the school … More Ideas in draft New Education Policy clash with RTE amendment to reverse the no detention policy

By Akhilesh Kumar Sharma* Entrepreneurs shape the growth path of an economy by taking risk to invest in new ideas, offering products and services, creating employment and wealth, and generating revenues for the government. In the recent years, Indian entrepreneurs have performed very well. India’s ranking has improved in the World Global Innovation Index from … More Effective implementation of budgeted schemes to support entrepreneurs, start-ups a big challenge

By Dr Anandajit Goswami* The latest Union Budget created the hope of shining India which is going to be a $3 trillion economy by end of the year, and aspiring to be reaching to a $5 trillion economy by 2024-25. An economy which is showing sluggishness can only recover and set its course in this … More The Union budget is silent on economy’s transition to interlinked and clean energy needs