Category: Policy
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Rising Debt Levels: A Looming Crisis for Developing Nations
The global economy continues to recover unevenly from the shock of the COVID-19 pandemic, but one concern that remains deeply entrenched is the rapidly rising debt levels across the developing world. For many Least Developed Countries (LDCs) and Small Island Developing States (SIDS), debt servicing obligations have become a significant…
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Post-Election U.S. Equity Market Surge: The Reality of Tariff-Driven Uncertainty
Following the U.S. election in November, financial markets experienced an initial surge, driven by investor optimism surrounding potential tax cuts and deregulation. These policies were expected to stimulate economic growth and drive corporate profits higher. However, the post-election economic narrative has shifted, focusing less on tax incentives and more on…
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GenAI in Revenue Administration
The integration of Generative AI (GenAI) into revenue administration presents a transformative opportunity. It has the potential to automate routine tasks, provide clearer tax guidance, and enhance transparency in policymaking. However, the effectiveness of AI-driven systems in taxation depends on the quality of training data, human oversight, and a robust…
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India’s Economic Reforms
India’s economic journey since 1991 has been shaped by a series of crucial reforms that transformed it from a protectionist economy to one of the fastest-growing major economies in the world. The vision for modernization and liberalization, however, was not a product of the 1990s alone. Former Prime Minister Rajiv…
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The Taxation Dilemma: Balancing Revenue Without Driving Away Wealth
Taxation has always been a contentious issue in economic policy. Governments worldwide strive to strike a delicate balance between generating sufficient revenue for public welfare and maintaining an investment-friendly environment. However, a common phenomenon observed in both developed and developing economies is the migration of high-net-worth individuals (HNWIs) and businesses…
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Growth and Investment in Emerging Markets: Role of Technology
IntroductionEmerging markets today face a mix of promising opportunities and significant challenges. While the global economic landscape has evolved dramatically, investment in these markets—both domestic and foreign—has been sluggish over the past two decades. Several factors, including financial uncertainty, policy instability, and the rapid advancement of technology, have shaped this…
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India’s Inflation Equation: Policy Coordination, Expectations, and Lessons from the West
Inflation remains one of the most pressing economic challenges for India. With an economy that is growing rapidly but still vulnerable to price shocks, managing inflation effectively requires a balance between monetary policy, fiscal discipline, and external factors. This article critically examines India’s inflation equation, the role of inflationary expectations,…
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India’s Inflation Equation: Policy Coordination, Expectations, and Lessons from the West
Inflation remains one of the most pressing economic challenges for India. With an economy that is growing rapidly but still vulnerable to price shocks, managing inflation effectively requires a balance between monetary policy, fiscal discipline, and external factors. This article critically examines India’s inflation equation, the role of inflationary expectations,…
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Japan’s Startup Ecosystem: The Rise of an Innovation Powerhouse
Japan’s startup ecosystem has undergone a remarkable transformation, emerging as a dynamic force in global innovation. Once overshadowed by corporate giants and a culture of lifetime employment, the country now boasts over 10,000 startups, attracting approximately $6 billion in venture capital annually. From artificial intelligence (AI) and robotics to fintech…
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Revisiting MSME Classification in India: Who Really Benefits from the Revised Definition?
The Micro, Small, and Medium Enterprises (MSME) sector is pivotal to India’s economic framework, representing a vast majority of businesses and contributing significantly to employment and GDP. In the Union Budget 2025-26, the government announced substantial revisions to the MSME classification criteria, aiming to foster growth and enhance access to…
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