The Road to Serfdom is Paved with Good Intentions

The Road to Serfdom is Paved with Good Intentions

Posted by: on Nov 7, 2016 | No Comments

The Road to Serfdom is a singularly influential book published in 1944. The book was written by the Nobel Prize-winning economist Friedrich Hayek and is probably the single most popular book on economic theory to be read and known, thanks to the Reader’s

Landmark GST Bill Opens India to a Common Market System

Landmark GST Bill Opens India to a Common Market System

Posted by: on Aug 20, 2016 | No Comments

Somewhere along the path of errors comes a cumulative benefit. India has passed the much-awaited Goods and Services Tax (GST). The Indian Parliament voted 197 in favour of this bill with none against in the Rajya Sabaha. This bill is being hailed as a landmark tax reform and the biggest since Independence. Under the new bill, the existing system of Value Added Tax (VAT)

Sharad Joshi: An Economist Who Worked for India’s Farmers

Sharad Joshi: An Economist Who Worked for India’s Farmers

Posted by: on Jan 31, 2016 | No Comments

Exiting 2015, India lost one of her free market champions, Sharad Anantarao Joshi. At a time when farmer suicides are becoming rampant across the nation, someone like Joshi, with his ideas for agriculture, will be sorely missed. Many have called

What Lies in Store for the Indian Economy?

What Lies in Store for the Indian Economy?

Posted by: on Jan 22, 2016 | No Comments

In an interview with Indian Express, in November 2015, Finance Minister Arun Jaitley said, “The biggest strength of India and the silver lining is its resilience. Our systematic firewalls have to be such that the ability to resist the

Free Market Advocacy Think Tanks in India

Free Market Advocacy Think Tanks in India

Posted by: on Sep 21, 2015 | No Comments

Free market thinkers could be largely categorized into three distinct types – Anarchists, Minarchists and Minimaxes, representing varying degrees of government control. The Anarchists, as evident from the name, believe in zero intervention

What does the Free Market Economist Arvind Panagariya Plan for India?

What does the Free Market Economist Arvind Panagariya Plan for India?

Posted by: on Mar 26, 2015 | No Comments

According to an article in The Hindu, published on January 13, 2015, Arvind Panagariya became the first Vice-Chairman of the Niti Aayog.

Raghuram Rajan: Backing India’s Dream to Reach for the Stars

Raghuram Rajan: Backing India’s Dream to Reach for the Stars

Posted by: on Mar 23, 2015 | No Comments

According to a report in CNN IBNLive, published on January 13, 2015, Raghuram Rajan the Governor of the Reserve Bank of India (RBI),

What does the Narendra Modi Government mean for the Indian Economy?

What does the Narendra Modi Government mean for the Indian Economy?

Posted by: on Jul 23, 2014 | No Comments

“India has won. Good times ahead.”

This is what Narendra Modi tweeted when his party achieved an irrefutable lead in the elections earlier this year. Now that Modi has formed his government at the centre, what does the new government have in store for the third largest economy in Asia?

What Does 2014 Have in Store for the Indian Economy?

What Does 2014 Have in Store for the Indian Economy?

Posted by: on Mar 26, 2014 | No Comments

While presenting the interim budget for fiscal 2014-15, Finance Minister P. Chidambaram said in the Lok Sabha, “I wonder how many have noted the fact that India’s economy, in terms of the size of its GDP, is the 11th largest in the world. There are great things in store.”

In India, ‘Economic Equality’ Continues to be Just Arm-Chair Idealism

In India, ‘Economic Equality’ Continues to be Just Arm-Chair Idealism

Posted by: on Mar 15, 2013 | No Comments

“Inequality in India has grown faster in the last 10-12 years than in any other time in our history since the colonial raj.”

–          P. Sainath, Senior Journalist and Rural Affairs Editor, The Hindu

We have all heard a lot of talk about the need for “inclusive growth” in India, especially in the last few years – ever since the powers that have had to face the deafening “anti-corruption” music, what with a barrage of multi-million dollar scams being exposed every other day by the increasingly activist television media of the country. One could ask – wasn’t that exactly what we set out to achieve more than 60 years ago? Wasn’t that the whole point of fighting the colonialists tooth and nail for freedom? Doesn’t political independence entail socio-economic independence too? The fact is – economic equality has become a victim of malevolent, ill-conceived, unnecessary, and overzealous government intervention into the economic lives of the people of the union.