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 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
- After the Midterm Rout, Can Trump Change Course Without Giving Up Tariffs?Commentary
Even if the administration maintains its broader trade policy, it should use tariffs more strategically and work with U.S. partners, not against them.
Barbara Weisel
- Life After Subsidies: The Hidden Struggles of Women Entrepreneurs in YemenCommentary
Safa Naser
- What the New Democratic Congress Can (and Can’t) Do on Foreign PolicyCommentary
Democrats now have the gavel and the purse, but the executive branch still pulls the levers on the U.S. role in the world.
- +10
James M. Acton, Dan Baer, Mark Baldassare, …
- Energy Turmoil Puts the Gulf of Guinea Back on the MapArticle
Two decades since Washington elevated West African oil as a strategic priority, the frontier has reemerged as a promising alternative for U.S. energy security.
Judd Devermont, Gabrielle Posner
- The Twilight of Oil in an Age of Uncertainty: From a Vicious to a Virtuous CyclePaper
The global hydrocarbon order is changing. Economic diversification and developing productive economies have become essential for Middle Eastern and North African states, requiring them to address social and political challenges and rethink domestic, regional, and global settlements.
- +1
Nur Arafeh, Ishac Diwan, Hamza Meddeb, …
