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Open Access Publications from the University of California

Essays on India’s Economy: Perspectives on Policy Reform


This is a collection of essays written for the Financial Express, an Indian financial daily. The common theme of these essays, which cover a period of almost four years, from June 2010 to March 2014, is the India’s struggles with economic policy reform. The essays are organized into several broad topical groupings, and chronologically within each section. The first section considers overall development goals, followed by a group of essays on foreign investment in retailing, financial inclusion and tax reform. This is followed by a section on macroeconomics and international finance, including several discussions of inflation policy and exchange rate policy. Two short sections discuss aspects of the corporate sector and job creation. The last section covers several topics: water, food, intergovernmental transfers and rural road construction.

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