Ajay Shah

How can we create conditions for a next Indian growth episode?

Watching global firms utilising services production in India offers insights into the role of FDI

Indian energy policy should create conditions where private firms may consider whether it is optimal for them to buy such equipment

India has an interest in evolving the "third globalisation" into a true globalisation within the core while cutting off strategic rivals like China

The Chinese government has a philosophy of control which extends into macroeconomics

The stance of financial policy must not be to prevent lending against the field of real estate. It must be to support the financing that induces ample supply, which will keep real estate prices down

To get a 10x gain in FDI, we need to solve the deeper issues. The problems in India are reminiscent of those seen in China, on a smaller scale

Harmony and optimism in overall culture helps foster animal spirits. When the culture is infused with anger and violence, it is hard for private persons to make the leap of faith required in investing

We may hope for deeper process transformation over many years through the journey of political economy, consultation, and scientific research

Heavy lifting is now required in electricity and financial reforms

Policy reforms would work better than programmes or projects

What is the state of the economy, and the implications for policy?

We should not just solve the proximate symptoms

In one rare situation, there is a case for some protectionism against imports from China

Greater effectiveness will come from improved organisation design in the Union government

On-Budget subsidies create more gratitude in the voter

The economy would be more stable if the exchange rate fluctuated more

Taxation of wealth and inheritance has been tried in India before. These ideas should not be resurrected

Is there such a thing in India?

Strategy thinkers have to redesign firms