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Category: Policy

  • The Role of PPPs and Viability Gap Funding in Developing Economies

    Governments across the globe, particularly in developing economies, are turning to Public-Private Partnerships (PPPs) as a strategic solution to bridge the infrastructure gap. This model has gained significant traction in countries like India, where the demand for robust infrastructure continues to outpace available public resources. With substantial investments required to…

  • Decoding RBI’s December 2024 Policy

    As the Reserve Bank of India (RBI) announced its December 2024 monetary policy, it reinforced its dual mandate of fostering growth while ensuring price stability. This policy statement, delivered at a critical juncture, reflects the nuanced approach the RBI has adopted in navigating the complex global and domestic economic landscape.…

  • India’s Fiscal Deficit: A Mid-Year Analysis of FY 2024-25

    India’s fiscal deficit for April-October 2024-25 stands at ₹7.51 lakh crore, or 46.5% of the full-year target. This marginal increase from 45% during the same period last year reflects the complex dynamics of managing public finances in a growing economy. The government aims to reduce the fiscal deficit to 4.9%…

  • Indian Economy: Prioritizing Services Over Manufacturing

    India’s aspiration to become a $10 trillion economy has long captured the national imagination, symbolizing both ambition and the challenges of transforming a rapidly developing nation. First articulated in the 2019-20 interim budget under the Modi government, this vision painted a picture of a thriving, industrialized India. However, the reality…

  • Uneven Economic Progress Across India-Reforms Part 5

    India’s economic journey since independence has been marked by striking regional disparities, with some states emerging as dynamic industrial hubs while others have struggled to keep pace. This divide is not so much about the often-discussed north-south axis but more about an east-west dichotomy. Western and southern states have, over…

  • Streamlining Government Operations- Part 2

    In recent years, the need to enhance government efficiency has been recognized as essential. With a vast network of ministries, departments, and autonomous bodies, it becomes crucial to assess and optimize the functioning of these entities. This blog delves into the potential for improving public administration by critically evaluating and…

  • The Journey of Process Reforms in India – Part 1

    In recent years, India has witnessed a remarkable shift in governance and public administration, with a strong focus on implementing process reforms. These reforms, championed by leaders committed to reducing bureaucratic hurdles, have made a substantial difference in the ease of doing business in the country. The essence of these…

  • Measuring Economic Potential Beyond GDP

    Understanding a country’s economic potential is crucial to formulating effective policies, sustaining growth, and improving lives. Traditional metrics like Gross Domestic Product (GDP) offer a limited snapshot, focusing primarily on output without fully capturing the capacity to produce goods and services sustainably or inclusively. Recognizing this gap, the United Nations…

  • Restructuring India’s EXIM Policy: Adapting to a Changing Global Economic Landscape

    In an era marked by shifting economic power, rising protectionism, and the formation of powerful regional trade blocs, India’s export-import (EXIM) policy is at a pivotal crossroads. Global trade dynamics are increasingly influenced by tariff and non-tariff barriers, the growing prominence of regional trading blocs, and an environment of geopolitical…

  • Economic Decision-Making and the Rise of Behavioral Economics

    Economic decision-making has traditionally been viewed as a rational process where individuals weigh the pros and cons to make choices that maximize their utility. However, the growing field of behavioral economics has shown that decision-making is not always so logical. Psychological factors—ranging from cognitive biases and social influences to emotions—often…