• Commentary
  • Research
  • Experts
  • Events
Carnegie China logoCarnegie lettermark logo
{
  "authors": [
    "Suyash Rai"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "",
  "centers": [
    "Carnegie Endowment for International Peace",
    "Carnegie India"
  ],
  "collections": [],
  "englishNewsletterAll": "",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie India",
  "programAffiliation": "",
  "programs": [],
  "projects": [
    "Political Economy"
  ],
  "regions": [
    "India"
  ],
  "topics": [
    "Domestic Politics",
    "Economy"
  ]
}

Source: Getty

In The Media
Carnegie India

Sitharaman Shouldn’t Just Put Out Existing Fires but Go for Real Success—Long-term Impact on Economy

Nirmala Sitharaman’s real success should be defined in terms of her long-term impact on the economy, and not just in putting out the fires burning presently.

Link Copied
By Suyash Rai
Published on May 31, 2019
Project hero Image

Project

Political Economy

This program studies contemporary developments in India’s political economy, with a view towards understanding and informing India’s developmental choices. Scholars in the program analyze economic and regulatory policies, design and working of public institutions, interfaces between politics and the economy, and performance of key sectors of the economy such as finance and land.

Learn More

Source: Print

Nirmala Sitharaman’s real success should be defined in terms of long-term impact on the economy, and not just in putting out the fires burning presently. This kind of success will depend on taking forward the unfinished reforms in the ministry, and initiating more structural reforms.

Read the Full Text

This article was originally published in the Print.

About the Author

Suyash Rai

Former Fellow, Carnegie India

Suyash Rai was a fellow at Carnegie India. His research focuses on the political economy of economic reforms, and the performance of public institutions in India.

    Recent Work

  • Article
    The Best of Ideas and Institutions, 2023

      Suyash Rai, Anirudh Burman

  • Other
    Global Technology Summit 2022 Action Points
      • +4

      Shruti Sharma, Suyash Rai, Konark Bhandari, …

Suyash Rai
Former Fellow, Carnegie India
Suyash Rai
Domestic PoliticsEconomyIndia

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie China

  • Commentary
    How China’s Growth Model Determines Its Climate Performance

    Rather than climate ambitions, compatibility with investment and exports is why China supports both green and high-emission technologies.

      Mathias Larsen

  • Overproduction in China
    Commentary
    What’s New about Involution?

    “Involution” is a new word for an old problem, and without a very different set of policies to rein it in, it is a problem that is likely to persist.

      Michael Pettis

  • Commentary
    The Chinese Investment Riddle: What Cities Reveal

    While China's investment story seems contradictory from the outside, the real answers to Beijing's high-quality growth ambitions are hiding in plain sight across the nation's cities.

      Yuhan Zhang

  • Commentary
    Using China’s Central Government Balance Sheet to “Clean up” Local Government Debt Is a Bad Idea

    China's stimulus addiction cannot go on forever. Beijing still has policy space to clean up the country's massive debt issue, but time is running short.

      Michael Pettis

  • Image of Chinese Yuan
    Commentary
    Why China Should Revalue the Renminbi—And Why It Can’t Easily Do So

    A quick look at the complexities behind Beijing’s enduring Catch-22 situation with revaluing the Renminbi, despite advantages of a stronger currency.

      Michael Pettis

Get more news and analysis from
Carnegie China
Carnegie China logo, white
Keck Seng Tower133 Cecil Street #10-01ASingapore, 069535Phone: +65 9650 7648
  • Research
  • About
  • Experts
  • Events
  • Contact
  • Careers
  • Privacy
  • For Media
Get more news and analysis from
Carnegie China
© 2026 Carnegie Endowment for International Peace. All rights reserved.