Expert Zone

Budget 2014 is only the first step

July 14, 2014

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Much was expected from Budget 2014/15 without realizing that India’s economy has its own rhythm, which changes only by small degrees if left to itself. That is why big-ticket reforms are necessary to quicken the pace. Finance Minister Arun Jaitley had reason to move forward with caution and make changes only at the fringes.

Pitfalls of the food security bill

April 16, 2013

(Any opinions expressed here are those of the author and not of Thomson Reuters)

The food security bill will be introduced in the current budget session of parliament, more because of its populist appeal than any economic urgency. Even when the bill was discussed by the Cabinet, Finance Minister P. Chidambaram and Agriculture Minister Sharad Pawar reportedly had reservations. They had valid reasons.

Budget 2013: Time for a responsible budget

February 23, 2013

(Any opinions expressed here are those of the author, and not necessarily of Thomson Reuters)

The rare earths distraction

By Derek Scissors
March 14, 2012

(The views expressed in this column are the author’s own and do not represent those of Reuters)

The burden of subsidies

November 7, 2011

(The views expressed in this column are the author’s own and do not represent those of Reuters)