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In April, Indians will head to the polls to elect their next government. The incoming government will assume office saddled with thorny economic issues that range from large deficits and high inflation to sputtering economic growth.
In India, what merits attention is the sequence and timing of capital account liberalization, and the establishment of institutional capability for fiscal, financial, and monetary policy.
Since early 2013 one question has dominated Indian political discourse: will there be a “wave of support” for Narendra Modi of the main opposition BJP?
The mutual attraction between police officers and the BJP raises an obvious question: do BJP-ruled states have better records than others when it comes to law and order?
As India prepares to head to the polls in the next few months, much of the attention has been focused on the rise of regional parties and their potential impact on the national results.
There has been a real and significant rupture in U.S.-India relations, but ultimately the fundamental imperatives that drove the positive transformation of the bilateral relationship have not changed.
It is clear to students of monetary economics that an inflation-targeting framework is the way forward for India, which is opening up its capital account and moving towards a flexible exchange rate regime.
The idea of promoting trans-frontier economic cooperation as a complement to the maintenance of peace and tranquillity on the border has begun to gain some traction in both Delhi and Beijing during the last few years.
None of the contenders in India’s upcoming election provide much real reassurance that they can revive India’s long-run economic growth rate.
With counterinsurgency efforts in Iraq and Afghanistan drawing to a close, the U.S. military is facing an abrupt transition.