Desai Diaries

The fiscal conservatism of the finance ministry means growth revival is going to take longer and may not be seen till late in the next fiscal year or even later.

Discussions about the C....Read More

The current Covid epidemic has been compared with the great plague of the of the 14th century which led to revolutionary changes in the polity, economy and society in Europe. There are some who argue that the Covid epidermic will have a similar&nb....Read More

Keynes said that “If economists could manage to get themselves thought of as humble competent people on a level with dentists, that would be splendid.” Montek Singh Ahluwalia is one such dentist who, quietly....Read More

There is a great deal of talk these days that the revival of growth will require major policy reforms. Vijay Kelkar and Ajay Shah in their outstanding book on the art and science of economic policy, give the thumb rule ....Read More

The past week has seen the rapid spread of public protests against the NRC and the CAA. Besides the immediate cause, these protests also reflect a growing sense that a ruling party that won 37% of the popular vote is ra....Read More

In July of this year Prime Minister dismissed as professional pessimists those who questioned the $5 trillion economic goal.  The budget also gave little thought to the gr....Read More