Our root cause analysis of China’s economic growth is wrong. Even though China is a one-party authoritarian State, it is far more decentralised than India.
We simply do not know anyone who will not be corrupt. The purpose of a democracy is to build a system that is less prone to corruption by design because it is decentralised.
Paryavaran Bhawan, Vanijya Bhawan, and Urja Bhawan are among swanky new govt office buildings that have come up over past 10 years to house ministries away from Central Secretariat.
China’s single-party model enables inner party control, as an additional instrument, to ensure governance effectiveness across long implementation chains.
Not just financial reform and market development, India must also pay attention to fiscal empowerment of state and improvement in public administration.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
Biggest problem is democracy. Politicians have to first protect their chair before welfare of citizens. In china they don’t have to deal with it.