ILANOMICS

Why India has increased economic freedoms in response to Covid, unlike Europe & US

Central govt has removed numerous restrictions in various sectors of the Indian economy, and unlike the 1991 liberalisation, states have also chipped in.
Graphic: Ramandeep Kaur | ThePrint

Higher inflation doesn’t mean RBI’s Monetary Policy Committee should increase interest rates

With gradual resumption of supply chains, inflation may come down. Data has also been limited by the lockdown, so the MPC should wait before changing rates.
Illustration by Ramandeep Kaur

Why India needs to regulate Ayurveda to win the world market for natural remedies

If India can put in a proper regulatory system, it stands to gain enormously as a producer and exporter of traditional herbal medicines.
Illustration by Ramandeep Kaur

How Modi govt’s ordinance on cooperative banks can prevent PMC-like scams, protect depositors

There have always been questions over who controls cooperative banks in India, states or the Centre. The ordinance empowers RBI to intervene in failing banks.
Illustration by Ramandeep Kaur | ThePrinr

APMC laws had shackled farmers, Modi govt’s ordinance makes them as free as other sectors

The govt hasn’t done away with APMCs but given farmers the ability to sell outside mandis. Arguments that the ordinance violates the Constitution are flawed.
Illustration by Ramandeep Kaur | ThePrint

Why Modi govt’s contract farming ordinance is a win-win for farmers, buyers & even traders

Farmers can lock in prices and buyers for their produce even before the harvest, and intermediaries can be assured of supply and price at the time of harvest.
Illustration by Ramandeep Kaur | ThePrint

Modi govt walks the talk on agriculture reforms. Now, fix the loopholes

Modi govt has made actual legal changes to implement its policy statements on agriculture reforms. It should now plug loopholes to realise their full potential.
Shoppers walk through the New Market area in Kolkata, India, on Tuesday, April 30, 2019. Prime Minister Narendra Modi is seeking a re-election bid in national elections | Photo by Prashanth Vishwanathan | Bloomberg

This recession is different & India can bounce back much faster than in the past

The recession this time isn’t driven by inherent weakness in economies or factors like oil shocks. It’s also synchronous. This could quicken India’s recovery.
Workers cycle to their places of employment on Kolkata's Howrah Bridge (representational image) | Photo: ANI

Why migrant workers are starting to return to cities & how this can revive economy faster

Resumption of economic activity can lead to a larger number of people falling ill than during the lockdown, and govt needs to make policy based on Indian data.
Many passengers came to know that flights had been cancelled after reaching airports, because different states made different rules (representational image) | Photo: ANI

One nation, many rules — how multiple authorities & chaos they create hurts Indian economy

We saw how confusion in rules about air travel affected passengers. Agencies and authorities should give people adequate notice and allow them to plan.
Finance Minister Nirmala Sitharaman | Photo: Suraj Singh Bisht | ThePrint

The 3 big unknowns that have forced Nirmala Sitharaman to be prudent with economic package

The future of Covid-19 in India and its impact on the economy and govt revenues is unknown, so it’s better not to exhaust all options by May.
Ila Patnaik
Ila Patnaik is an economist and a professor at the National Institute of Public Finance and Policy.

Ila Patnaik & Shubho Roy