How India is Driving Global Poverty Reduction [Bibek Debroy - HIC]

Bibek Debroy & Aditya Sinha India‘s growth numbers look promising. A lot has been written about how India has a track record of massive growth: During the current union government’s term (2024-29), India is poised to surpass a GDP of $5 trillion and become the world‘s third-largest economy. By the term’s end, the world will near the deadline for the Sustainable Development Goals (SDGs). Despite most countries falling behind, India has fared relatively better, though it re

2024.10.21 11:08

Reforms, Investments, and Fiscal Responsibility - Decoding India’s Union Budget [Bibek Debroy - HIC]

The Union Budget is the financial equivalent of the Mad Hatter‘s tea party in “Alice in Wonderland,” a big spectacle where every number, clause, and comma is debated with fervor, sometimes bordering on the absurd. Governments aim for their budgets to capture the nation’s imagination, with implications as profound as Alice‘s fall down the rabbit hole. As Alice once pondered, “Curiouser and curiouser!”―so too do the complexities and controversies of the Un

2024.08.12 11:12

India’s Growth Prospects [Bibek Debroy - HIC]

In 2023, India‘s GDP reached $3.73 trillion and is poised to break the $4 trillion barrier in 2024. Initially aiming for $5 trillion by 2024-25, COVID-19 nudged this target to 2026 or 2027. Much like Alice in Wonderland, who questioned the Cheshire Cat about which path to take, India too had its moments of uncertainty. Yet, unlike Alice who declared, “I don’t much care where,” India has its sights firmly set on a clear destination. As the Cheshire Cat wisely noted, &ldquo

2024.06.13 11:43