India’s Gold Monetisation Story

Back in 2014, realising the potential of domestic stock of gold in the country, the Government of India decided to introduce gold related schemes that would unlock the idle yellow metal lying in private lockers. With the dual objective of reducing import and recycling domestic gold, the Hon’ble Finance Minister of India introduced the gold-troika…

Jobs are crying need of the hour

LARGE-SCALEemployment generation is critical for both Prime Minister Narendra Modi’s electoralprospects in 2019 and rejuvenation of the economy. Continued addition to the ranks of unemployed or underemployed will fuel resentment among the youth who had voted overwhelmingly for Modi in 2014. The PM’s charisma, integrity and current high popularity may not suffice for overcoming widespread…

Designing a new defence economic strategy

Reforms like private sector involvement and optionality approach can make defence procurement and indigenisation viable and ensure India’s military superiority in the subcontinent. over the past three years, there has been a marked focus on implementing defence procurement reforms. Many are of the opinion that India’s focus on defence procurement reforms is unique. However, this…

The Politics of Budget

Everyone agrees that the budget is a political exercise, albeit couched in economic and financial terms. It touches the lives of virtually the entire population. Therefore, its impact is far reaching and necessarily takes on political overtones. It is often used to serve immediate partisan interests as for example in 2008, when the then finance…

Grads with grades that go nowhere

The trouble plaguing Young India today is that its schools and colleges put them through the wheels but leave them without usable skills. This has to change India has been among the fastest growing economies in the world. World Bank estimated that in the 1960s, approximately 45 percent of Indians lived below the poverty line.…