• Research
  • Diwan
  • About
  • Experts
Carnegie Middle East logoCarnegie lettermark logo
LebanonIran
{
  "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 Malcolm H. Kerr Carnegie Middle East Center

  • Commentary
    Diwan
    Unpacking Lebanon’s Gap Law

    In an interview, Ishac Diwan looks at the merits and flaws in the draft legislation distributing losses from the financial collapse.

      Michael Young

  • Commentary
    Diwan
    Has Sisi Found a Competent Military Entrepreneur?

    Mustaqbal Misr has expanded its portfolio with remarkable speed, but a lack of transparency remains.

      Yezid Sayigh

  • Research
    Arab Diaspora Business Communities in Egypt

    Arab diaspora business communities in Egypt often mirror the same systemic challenges facing Egyptian businesses.

      • +4

      Nur Arafeh, Yezid Sayigh, Qaboul al-Absi, …

  • Article
    Saudi Arabia in Africa: Sound Economic and Geopolitical Strategy, or Resource Exploitation?

    Largely characterized thus far by a single-minded focus on extractivism, Riyadh must commit to greater equitability in its approach to investment and development deals with Sudan, Ethiopia, and Eritrea.

      Hesham Alghannam

  • A picture taken from a position at the Israeli border with the Gaza Strip shows the destruction due to Israeli bombardment in the besieged Palestinian territory on May 18, 2025
    Article
    Destruction, Disempowerment, and Dispossession: Disaster Capitalism and the Postwar Plans for Gaza

    Once Israel’s war in the territory is brought to an end, the foundational principles guiding reconstruction should be Palestinian self-determination, local agency, and sovereignty.

      Nur Arafeh, Mandy Turner

Get more news and analysis from
Malcolm H. Kerr Carnegie Middle East Center
Carnegie Middle East logo, white
  • Research
  • Diwan
  • About
  • Experts
  • Projects
  • Events
  • Contact
  • Careers
  • Privacy
  • For Media
Get more news and analysis from
Malcolm H. Kerr Carnegie Middle East Center
© 2026 Carnegie Endowment for International Peace. All rights reserved.