Growth Is Good

Growing up in a business household, Naushad Forbes read and heard about the gulf in living standards that separated countries in the league of South Korea, from India. That gulf, which was non-existent at one point in time - India's per capita GDP was the same as South Korea's in 1960 and slightly higher than China's in 1990 - has since widened substantially, to the extent that today, China's per...

From classrooms to political rallies to multilateral summits, entrepreneurship is the buzzword being peppered liberally everywhere, and for good reason. It’s the fulcrum of innovation, employment and wealth creation. And nothing breeds success like success! It takes a few to succeed, for a thousand more to strive for success. So, the flywheel keeps spinning. But are we correctly defining entrepren...

It’s been over 30 years since India liberalised its economy. If it didn’t sink in then, it’s crystal clear today that 1991 was an epochal moment for modern India, the country we were and what we aspire to become. Our guest for this episode of FED Dialogues, acclaimed author and former Chief Executive of Procter & Gamble India, Gurcharan Das, goes so far as to call it our real economic Azadi or...

India is stepping up its ambitions of gaining global market share in labour-intensive manufacturing. The success we have seen in electronics and smartphone assembly with the production-linked incentive or PLI scheme suggests that electronics manufacturing services or EMS can be the perfect launchpad for achieving our goal of seeing the share of manufacturing increase from the present 13% to 25% of...

Evidence tells us, unequivocally, that sustained economic growth is the best bet for poverty alleviation. But scepticism about growth remains embedded in our discourse. In this conversation with one of India’s most-renowned economists, first Vice-Chair of the NITI Aayog and Chair of the 16th Finance Commission, Dr. Arvind Panagariya and FED Director Rahul Ahluwalia talk about his personal journey...