Article
Suyash Rai, Anirudh Burman
{
"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": [
"South Asia",
"India"
],
"topics": [
"Economy"
]
}
Source: Getty
In The Media
Allocate Resources, Rationally and Efficiently
Prime Minister Narendra Modi’s speech on May 12 had two central messages: India will have to learn to live with the coronavirus disease (COVID-19), and India must pivot towards economic recovery.
By Suyash Rai
Published on May 13, 2020
Source: Hindustan Times
Prime Minister Narendra Modi’s speech on May 12 had two central messages: India will have to learn to live with the coronavirus disease (Covid-19), and India must pivot towards economic recovery.
The recovery strategy will be pursued through a package of fiscal and monetary measures and a reforms package. In some ways, this is an intensification of existing efforts. Since 2017, consumption expenditure financed by the government has grown rapidly — at an average real rate of 10.6%. Big reforms — the Goods and Services Tax (GST), insolvency reform, inflation targeting — have been implemented. India’s rank in the Ease of Doing Business index has improved from 130 in 2016 to 63 in 2019.
This article was originally published by the Hindustan Times.
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.
- The Best of Ideas and Institutions, 2023
- Global Technology Summit 2022 Action PointsOther
- +4
Shruti Sharma, Suyash Rai, Konark Bhandari, …
Recent Work
Carnegie India 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 India
- What Could a Reciprocal Defense Procurement Agreement Do for U.S.-India Ties?Article
India and the United States are close to concluding a Reciprocal Defense Procurement Agreement (RDPA) that will allow firms from the two countries to sell to each other’s defense establishments more easily. While this may not remedy the specific grievances both sides may have regarding larger bilateral issues, an RDPA could restore some momentum, following the trade deal announcement.
Konark Bhandari
- India Signs the Pax Silica—A Counter to Pax Sinica?Commentary
On the last day of the India AI Impact Summit, India signed Pax Silica, a U.S.-led declaration seemingly focused on semiconductors. While India’s accession to the same was not entirely unforeseen, becoming a signatory nation this quickly was not on the cards either.
Konark Bhandari
- The PSLV Setback: Restoring India’s WorkhorseCommentary
On January 12, 2026, India's "workhorse," the Polar Satellite Launch Vehicle, experienced a consecutive mission failure for the first time in its history. This commentary explores the implications of this incident on India’s space sector and how India can effectively address issues stemming from the incident.
Tejas Bharadwaj
- AI Adoption Journey for Population ScaleCommentary
Connecting real-world AI use cases across sectors such as health, education, agriculture, and livelihoods can help policymakers, innovators, and institutions align around a shared goal. This article looks at a framework ensuring that AI works for everyone.
Shalini Kapoor, Tanvi Lall
- The Impact of U.S. Sanctions and Tariffs on India’s Russian Oil ImportsCommentary
This piece examines India’s response to U.S. sanctions and tariffs, specifically assessing the immediate market consequences, such as alterations in import costs, and the broader strategic implications for India’s energy security and foreign policy orientation.
Vrinda Sahai
