Before Modi Govt Can Hope to Fix India’s Economy, It Should Fix how it Manages Budget

{
  "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"
  ]
}

In The Media

Carnegie India

Before Modi Govt Can Hope to Fix India’s Economy, It Should Fix how it Manages Budget

The presentation of the Union Budget is always a melodramatic occasion–full of hype and excitement, especially in the boisterous Indian democracy.

By Suyash Rai

Published on Jan 29, 2020

Source: Print

The presentation of the Union Budget is always a melodramatic occasion – full of hype and excitement, especially in the boisterous Indian democracy. But it seems that elements of farce have made their way into this melodrama, causing a great deal of confusion.

Read the Full Text

This article was originally published by 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, …

Economy South Asia India

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 Russia Eurasia Center

Commentary
Carnegie Politika
In Russia, Private Companies Have Been Left to Pick Up the Tab for Ukrainian Drone Attacks
The cost of air defense has become an unregistered tax on revenue for businesses. While military rents are consolidated in the federal budget, the costs of defense are being spread across the balance sheets of companies and regional governments.
Alexandra Prokopenko
Commentary
Carnegie Politika
Russia’s Coal Industry Is Running on Borrowed Time
Powerful lobbyists and inertia led to Russia’s coal-mining sector missing an excellent opportunity to solve its structural problems.
Alexey Gusev
Commentary
Carnegie Politika
Does Russia Have Enough Soldiers to Keep Waging War Against Ukraine?
The Russian army is not currently struggling to recruit new contract soldiers, though the number of people willing to go to war for money is dwindling.
Dmitry Kuznets
Commentary
Carnegie Politika
Including Russia on the EU Financial Blacklist Will Hurt Ordinary People, Not the Kremlin
The paradox of the European Commission’s decision is that the main victims will not be those it formally targets. Major Russian businesses associated with the Putin regime have long adapted to sanctions with the help of complex schemes involving third countries, offshore companies, and nonpublic entities.
Alexandra Prokopenko
Commentary
Carnegie Politika
Why Didn’t the Ukraine War Turn Russia’s Ruling Class Against Putin?
A new book by Alexandra Prokopenko looks at why the Russian ruling class became the regime’s willing servants—and how they might fare in a post-Putin world.
Vladislav Gorin

More Work from Carnegie Russia Eurasia Center

Commentary

Carnegie Politika

In Russia, Private Companies Have Been Left to Pick Up the Tab for Ukrainian Drone Attacks

The cost of air defense has become an unregistered tax on revenue for businesses. While military rents are consolidated in the federal budget, the costs of defense are being spread across the balance sheets of companies and regional governments.

Alexandra Prokopenko

Commentary

Carnegie Politika

Russia’s Coal Industry Is Running on Borrowed Time

Powerful lobbyists and inertia led to Russia’s coal-mining sector missing an excellent opportunity to solve its structural problems.

Alexey Gusev

Commentary

Carnegie Politika

Does Russia Have Enough Soldiers to Keep Waging War Against Ukraine?

The Russian army is not currently struggling to recruit new contract soldiers, though the number of people willing to go to war for money is dwindling.

Dmitry Kuznets

Commentary

Carnegie Politika

Including Russia on the EU Financial Blacklist Will Hurt Ordinary People, Not the Kremlin

The paradox of the European Commission’s decision is that the main victims will not be those it formally targets. Major Russian businesses associated with the Putin regime have long adapted to sanctions with the help of complex schemes involving third countries, offshore companies, and nonpublic entities.

Alexandra Prokopenko

Commentary

Carnegie Politika

Why Didn’t the Ukraine War Turn Russia’s Ruling Class Against Putin?

A new book by Alexandra Prokopenko looks at why the Russian ruling class became the regime’s willing servants—and how they might fare in a post-Putin world.

Vladislav Gorin