The call for self-reliant India conveys reducing our dependence on others for goods, services, or even investment
NIPFP's Rathin Roy said that providing income support and preventing wealth disruptions is a necessary requirement in the current situation.
Arvind Panagariya also pointed out that Covid-19 pandemic may lead to integration of global labour market
Say Beijing's ability to retain MNCs can't be downplayed; Incentives are largely in place, India needs to focus on business environment as well
Covid-19 crisis has made it evident that India needs to create better paid, formal sector jobs that requires moving workers out of tiny enterprises into better-paying jobs, he said
The former NITI Aayog Vice Chairman said that India, like nearly all other countries in the world, faced "difficult choices" against the pandemic
He noted that since about 2003, India has been growing at an average rate of about 7% and the first five years of the Modi government was characterised by 7.5% growth on an average
The economic refugees of earlier years have been replaced by well-placed people leaving (or staying away from) India's unattractive political economy, writes T N Ninan
My hope remains that we bargain hard but in good faith and with the intention to eventually join the grouping, says Panagariya
Panagariya said there was a huge scope for India to improve medical treatment
Panagariya said India's health sector is still very much evolving and very informal
He said the government's plan to introduce a single minimum wage across the country may hurt businesses in smaller towns
Amid several macroeconomic challenges today, the government might have benefited from 'Harvard' economists' advice, but, judging by past record, it might not have paid them much heed, writes T N Ninan
Panagariya called for undertaking labour law and land acquisition reforms to them more flexible to attract the multinationals
He stressed that there is not a single country which has grown on a sustained basis at rates of 8-10% for 2-3 decades without very rapid growth in trade
The economist further suggested reducing the number of central ministries to improve governance
Arvind Panagariya believes the Congress' promise of NYAY will seriously damage fiscal consolidation, and large subsidies will have to be cut
Panagariya said India should keep its market open and the recent tariff hike on various items was not a good idea
Panagariya says the aim is to enable "more serious economic policy analyses on topics such as international trade policy, financial sector reforms, poverty, employment and health among other
Panagariya praised the Indian government for not imposing retaliatory tariff on US products as it could impose bigger injury on the nation