Ajay Shah

Understanding India's growth: Lessons from its economic episodes

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

Strategy for FDI by Indian firms: A 2x2 classification for the leadership

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

Enabling conditions for nuclear energy: Five key tasks for policymakers

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

India has skin in the game: A call for foreign policy beyond free-riding

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

A revival in China? Recent govt stimulus fails to address deeper issues

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

Resist real estate mania: Lessons from the Chinese property meltdown

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

Why is FDI important for India's economic growth and development process?

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

Do policy reversals make a difference to the problem of private investment?

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

Legal system reform: Kerala HC's '24x7 ON Court' an important early step

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

Electricity: A strategic view

Heavy lifting is now required in electricity and financial reforms

Union Budget 2024: Govts have limited impact on jobs

Policy reforms would work better than programmes or projects

The questions for policymakers

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

NEET's problems: Look deeper

We should not just solve the proximate symptoms

When trade barriers are justified

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

Organising for the energy transition

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

Electricity subsidies are getting done better

On-Budget subsidies create more gratitude in the voter

Lost a shock absorber

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

What makes wealth and inheritance taxes bad for India's economic progress

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

Paths to a political business cycle

Is there such a thing in India?

Firms in a tough global environment

Strategy thinkers have to redesign firms