• Research
  • Emissary
  • About
  • Experts
Carnegie Global logoCarnegie lettermark logo
Democracy
  • Donate
{
  "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
Carnegie India

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.

Link Copied
By Suyash Rai
Published on May 13, 2020
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: 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.

Read the Full Text

This article was originally published by the Hindustan Times.

Suyash Rai
Former Fellow, Carnegie India
Suyash Rai
EconomySouth AsiaIndia

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 Endowment for International Peace

  • Escalation Dynamics Under the Nuclear Shadow—India’s Approach
    Paper
    Escalation Dynamics Under the Nuclear Shadow—India’s Approach

    An exploration into how India and Pakistan have perceived each other’s manipulations, or lack thereof, of their nuclear arsenals.

      • Rakesh Sood

      Rakesh Sood

  • Wide shot of Trump and Modi, with Trump pointing
    Commentary
    Emissary
    The Trump-Modi Trade Deal Won’t Magically Restore U.S.-India Trust

    Washington and New Delhi should be proud of their putative deal. But international politics isn’t the domain of unicorns and leprechauns, and collateral damage can’t simply be wished away.

      Evan A. Feigenbaum

  • people sitting on a stage
    Commentary
    From Loss and Damage to Climate Mobility Action

    Senior climate, finance, and mobility experts discuss how the Fund for Responding to Loss and Damage could unlock financing for climate mobility.

      • Alejandro Rodriguez

      Alejandro Martin Rodriguez

  • Commentary
    Strategic Europe
    Europe Falls Behind in the South Caucasus Connectivity Race

    The EU lacks leadership and strategic planning in the South Caucasus, while the United States is leading the charge. To secure its geopolitical interests, Brussels must invest in new connectivity for the region.

      Zaur Shiriyev

  • A Quarter Century of Nuclear South Asia: Nuclear Noise, Signalling, and the Risk of Escalation in India-Pakistan Crises
    Paper
    A Quarter Century of Nuclear South Asia: Nuclear Noise, Signalling, and the Risk of Escalation in India-Pakistan Crises

    A close study of five crises makes clear that Cold War logic doesn’t apply to the South Asia nuclear powers.

      • Rizwan Zeb

      Moeed Yusuf, Rizwan Zeb

Get more news and analysis from
Carnegie Endowment for International Peace
Carnegie global logo, stacked
1779 Massachusetts Avenue NWWashington, DC, 20036-2103Phone: 202 483 7600Fax: 202 483 1840
  • Research
  • Emissary
  • About
  • Experts
  • Donate
  • Programs
  • Events
  • Blogs
  • Podcasts
  • Contact
  • Annual Reports
  • Careers
  • Privacy
  • For Media
  • Government Resources
Get more news and analysis from
Carnegie Endowment for International Peace
© 2026 Carnegie Endowment for International Peace. All rights reserved.