Big Bang Reforms

India has too many veto centres, unreasonable to expect 'big bang reforms': Arvind Subramanian

Subramanian, also told a top American think-tank this week that India is "still very much a recovering economy, not a surging economy".

Little Bang: Economic Survey 2015 takes a realistic view on reforms

The double-digit growth that the Economic Survey sees as possible is not statistically difficult. More interesting is the practical approach it takes to reforms in a diverse, democratic polity.

Kirana vs Wal-Mart: Busting the big myths of big retail

Your kirana store is not going to keel over and die if Wal-Mart comes in. The fear of Wal-mart is overblown, as is the expectation of big benefits from big retail

Aviation FDI opened up, but there's no rush to invest

The opening up of aviation to FDI means some carriers can get investments, but there is unlikely to be a rush to invest till they read the fine print

Memo to Modi and Rajan: 'Achche din' can be a self-defeating prophecy

The economy's problems - lower IIP amidst falling prices - may have something to do with expectations. Too much belief that "achche din" will be in the future may be killing present demand

Catch-22 for Modi govt: Why inflation may get worse before it gets better

If the Modi government opts for big bang reforms of the factor markets, inflation will worsen in the short term but stabilise later. If it does not opt for reform, inflation will never really abate